LPL Financial LLC Sells 50,943 Shares of Terex Co. (NYSE:TEX)

LPL Financial LLC lowered its position in Terex Co. (NYSE:TEX - Free Report) by 61.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,552 shares of the industrial products company's stock after selling 50,943 shares during the period. LPL Financial LLC's holdings in Terex were worth $1,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cascade Investment Advisors Inc. bought a new position in shares of Terex in the fourth quarter valued at approximately $1,070,000. KLP Kapitalforvaltning AS bought a new position in shares of Terex in the fourth quarter valued at approximately $610,000. Barclays PLC lifted its holdings in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after purchasing an additional 37,072 shares in the last quarter. J2 Capital Management Inc bought a new position in shares of Terex in the fourth quarter valued at approximately $353,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 in the last quarter. Institutional investors own 92.88% of the company's stock.

Terex Price Performance

Shares of Terex stock traded up $2.05 on Wednesday, reaching $36.07. The stock had a trading volume of 62,397 shares, compared to its average volume of 1,009,706. Terex Co. has a 1 year low of $31.53 and a 1 year high of $68.08. The company has a market cap of $2.39 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The business's 50 day moving average is $38.87 and its two-hundred day moving average is $46.26.

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

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio (DPR) is 13.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup dropped their target price on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $49.00 to $32.00 in a report on Monday, April 7th. Barclays dropped their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Finally, Truist Financial dropped their price target on Terex from $58.00 to $47.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Terex presently has a consensus rating of "Hold" and a consensus price target of $45.60.

Insider Buying and Selling

In related news, Director Andra Rush acquired 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

About Terex

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.