American Century Companies Inc. Increases Position in Terex Co. (NYSE:TEX)

American Century Companies Inc. increased its holdings in Terex Co. (NYSE:TEX - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,741,206 shares of the industrial products company's stock after acquiring an additional 135,286 shares during the period. American Century Companies Inc. owned approximately 2.61% of Terex worth $80,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEX. Jones Financial Companies Lllp purchased a new position in shares of Terex during the 4th quarter worth $31,000. Smartleaf Asset Management LLC increased its position 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 valued at $32,000 after acquiring an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Terex in the 3rd quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new position in shares of Terex in the 3rd quarter worth approximately $41,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Terex during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Insider Buying and Selling at Terex

In other news, Director Andra Rush acquired 1,325 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

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Analyst Ratings Changes

TEX has been the topic of several research analyst reports. Evercore ISI cut their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Citigroup decreased their price target on shares of Terex from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $54.22.

Terex Stock Down 1.3 %

Shares of NYSE:TEX traded down $0.52 on Thursday, hitting $39.87. 106,549 shares of the company's stock were exchanged, compared to its average volume of 841,308. 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 $2.65 billion, a PE ratio of 8.03, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The firm's 50-day moving average is $43.77 and its 200 day moving average is $48.68.

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, topping 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 quarter in the previous year, the company earned $1.88 EPS. Sell-side analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a $0.17 dividend. 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 1.71%. Terex's dividend payout ratio (DPR) is presently 13.71%.

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.