Fisher Asset Management LLC Has $87.39 Million Stake in Terex Co. (NYSE:TEX)

Fisher Asset Management LLC increased its stake in Terex Co. (NYSE:TEX - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,890,625 shares of the industrial products company's stock after acquiring an additional 41,685 shares during the period. Fisher Asset Management LLC owned approximately 2.83% of Terex worth $87,385,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex in the third quarter worth approximately $40,000. Truvestments Capital LLC acquired a new stake in shares of Terex in the third quarter worth approximately $41,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Terex in the fourth quarter worth approximately $51,000. Farther Finance Advisors LLC boosted its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock worth $62,000 after acquiring an additional 504 shares during the last quarter. Finally, Blue Trust Inc. boosted 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 acquiring an additional 260 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Price Performance

TEX stock traded up $1.47 during trading on Wednesday, hitting $39.12. The company had a trading volume of 1,783,913 shares, compared to its average volume of 895,810. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 4.53 and a beta of 1.56. The business has a 50 day moving average of $45.51 and a 200 day moving average of $50.25. Terex Co. has a fifty-two week low of $36.15 and a fifty-two week 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 issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 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 period in the previous year, the firm earned $1.88 EPS. As a group, research analysts predict that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, March 7th. Terex's dividend payout ratio (DPR) is presently 13.71%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Evercore ISI reduced their price target on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Citigroup reduced their price target on shares of Terex from $57.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Barclays dropped their price objective on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $56.11.

Insiders Place Their Bets

In other Terex news, CEO Simon Meester sold 9,877 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Sachs acquired 10,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the acquisition, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. This trade represents a 10.26 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

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.