Prudential Financial Inc. Has $10.83 Million Stock Position in Terex Co. (NYSE:TEX)

Prudential Financial Inc. decreased its holdings in Terex Co. (NYSE:TEX - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 234,285 shares of the industrial products company's stock after selling 196,693 shares during the quarter. Prudential Financial Inc. owned 0.35% of Terex worth $10,829,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cascade Investment Advisors Inc. acquired a new position in shares of Terex during the fourth quarter valued at approximately $1,070,000. Barclays PLC boosted its stake in Terex by 40.2% during the 3rd 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. Point72 Asset Management L.P. acquired a new position in shares of Terex during the 3rd quarter valued at $4,283,000. Citigroup Inc. raised its stake in shares of Terex by 65.6% in the 3rd quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company's stock worth $3,727,000 after buying an additional 27,896 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Terex by 331.8% in the third quarter. Cerity Partners LLC now owns 24,725 shares of the industrial products company's stock valued at $1,308,000 after buying an additional 18,999 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TEX shares. Evercore ISI lowered their target price on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their price objective on shares of Terex from $48.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Terex from $51.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Finally, Barclays cut their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Terex currently has a consensus rating of "Hold" and an average target price of $54.22.

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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 that occurred on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

Terex Stock Up 2.9 %

TEX stock traded up $1.10 during midday trading on Wednesday, reaching $39.17. The company had a trading volume of 371,936 shares, compared to its average volume of 945,805. The company has a 50 day moving average of $43.04 and a two-hundred day moving average of $48.33. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a 1 year low of $36.15 and a 1 year high of $68.08. The company has a market capitalization of $2.60 billion, a P/E ratio of 7.90, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 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 period in the prior year, the company earned $1.88 EPS. On average, equities research analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 7th. Terex's payout ratio is 13.71%.

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.