Invesco Ltd. Decreases Stake in Terex Co. (NYSE:TEX)

Invesco Ltd. decreased its position in shares of Terex Co. (NYSE:TEX - Free Report) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,212,681 shares of the industrial products company's stock after selling 427,361 shares during the period. Invesco Ltd. owned about 1.82% of Terex worth $56,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after buying an additional 1,272,920 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Terex by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after purchasing an additional 41,685 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Terex by 8.4% during the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock worth $80,479,000 after buying an additional 135,286 shares during the last quarter. Geode Capital Management LLC increased its holdings in Terex by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,596,070 shares of the industrial products company's stock worth $84,463,000 after purchasing an additional 8,624 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Terex by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company's stock valued at $45,417,000 after purchasing an additional 41,758 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company's stock.

Terex Stock Up 1.2 %

Shares of NYSE TEX traded up $0.41 during mid-day trading on Friday, reaching $34.50. 666,208 shares of the company's stock traded hands, compared to its average volume of 904,294. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The business has a 50-day simple moving average of $39.31 and a 200 day simple moving average of $46.54. The stock has a market cap of $2.29 billion, a P/E ratio of 6.96, a PEG ratio of 4.53 and a beta of 1.40. Terex Co. has a 1-year low of $31.53 and a 1-year high of $68.08.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the prior year, the company posted $1.88 earnings per share. On average, analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, March 7th. Terex's payout ratio is 13.71%.

Analysts Set New Price Targets

Several brokerages have issued reports on TEX. StockNews.com cut shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. UBS Group cut Terex from a "neutral" rating to a "sell" rating and reduced their target price for the company from $49.00 to $32.00 in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on shares of Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Evercore ISI reduced their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group dropped their target price on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $45.60.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.