Russell Investments Group Ltd. cut its position in shares of Terex Co. (NYSE:TEX - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,787 shares of the industrial products company's stock after selling 11,002 shares during the period. Russell Investments Group Ltd. owned 0.38% of Terex worth $11,869,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in TEX. Smartleaf Asset Management LLC grew its position in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Terex by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock worth $1,695,000 after buying an additional 237 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Terex by 26.8% in the fourth 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 last quarter. Barnett & Company Inc. boosted its stake in shares of Terex by 4.3% during the 4th quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock worth $337,000 after acquiring an additional 300 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Terex by 0.4% during the 4th 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 acquiring an additional 320 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Andra Rush acquired 1,325 shares of the company's stock in a transaction on 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 acquisition, the director now owns 23,308 shares of the company's stock, valued at $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company's stock.
Terex Price Performance
TEX traded down $0.69 during trading on Tuesday, hitting $34.61. The company's stock had a trading volume of 419,109 shares, compared to its average volume of 902,871. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The firm's 50 day moving average price is $40.19 and its two-hundred day moving average price is $46.96. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08.
Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $1.88 EPS. Sell-side analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal 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 yield of 1.96%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio (DPR) is presently 13.71%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on TEX shares. Evercore ISI reduced their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Truist Financial decreased their target price on Terex from $58.00 to $47.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a report on Monday. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $49.00 to $32.00 in a report on Monday, April 7th. Finally, Barclays cut their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Terex has a consensus rating of "Hold" and a consensus price target of $47.33.
Check Out Our Latest Stock Report on Terex
About Terex
(
Free Report)
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.
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