Semanteon Capital Management LP Boosts Stake in Terex Co. (NYSE:TEX)

Semanteon Capital Management LP grew its position in Terex Co. (NYSE:TEX - Free Report) by 41.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,857 shares of the industrial products company's stock after purchasing an additional 9,119 shares during the quarter. Semanteon Capital Management LP's holdings in Terex were worth $1,426,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp purchased a new position in Terex during the 4th quarter worth $31,000. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Terex during the third quarter valued at about $40,000. Truvestments Capital LLC purchased a new position in shares of Terex in the 3rd quarter valued at approximately $41,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Terex in the 4th quarter worth approximately $51,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Performance

TEX traded down $0.45 on Tuesday, reaching $40.43. The stock had a trading volume of 1,082,381 shares, compared to its average volume of 840,982. The business's 50-day moving average price is $44.01 and its two-hundred day moving average price is $48.81. The company has a market cap of $2.68 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. Terex Co. has a 12-month low of $36.15 and a 12-month high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

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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 for the quarter, beating the consensus estimate 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 period last year, the firm posted $1.88 earnings per share. Sell-side analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.68%. Terex's dividend payout ratio (DPR) is 13.71%.

Insider Activity at Terex

In other news, Director Andra Rush acquired 1,325 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought 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. This represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TEX. JPMorgan Chase & Co. cut their price target on shares of Terex from $51.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Evercore ISI cut their target price on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Citigroup dropped their price target on Terex from $48.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Barclays reduced their price objective 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $54.22.

Terex 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.