LSV Asset Management Increases Position in Terex Co. (NYSE:TEX)

LSV Asset Management increased its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,400 shares of the industrial products company's stock after buying an additional 9,000 shares during the period. LSV Asset Management owned about 0.05% of Terex worth $1,590,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TEX. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after purchasing an additional 222 shares during the period. Envestnet Asset Management Inc. raised its position in Terex by 0.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock worth $1,695,000 after purchasing an additional 237 shares during the last quarter. Blue Trust Inc. lifted its holdings in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after buying an additional 260 shares during the period. Barnett & Company Inc. grew its position in shares of Terex by 4.3% in the 4th quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock valued at $337,000 after buying an additional 300 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Terex by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after buying an additional 320 shares during the period. 92.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on TEX shares. Barclays cut their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Morgan Stanley lowered their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday. Citigroup cut their price target on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their target price on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.60.

Terex Stock Up 1.2 %

Shares of NYSE:TEX traded up $0.41 during trading on Friday, reaching $34.50. 666,208 shares of the stock were exchanged, compared to its average volume of 904,134. The stock has a fifty day moving average of $39.53 and a two-hundred day moving average of $46.66. Terex Co. has a 1-year low of $31.53 and a 1-year high of $68.08. 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 firm has a market cap of $2.29 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating 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 last year, the business earned $1.88 EPS. Research analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. Terex's dividend payout ratio (DPR) is currently 13.71%.

Insiders Place Their Bets

In related news, Director Andra Rush acquired 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

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.