Segall Bryant & Hamill LLC Increases Stake in Terex Co. (NYSE:TEX)

Segall Bryant & Hamill LLC raised its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,148 shares of the industrial products company's stock after acquiring an additional 15,833 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.17% of Terex worth $5,230,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TEX. Barnett & Company Inc. lifted its holdings in shares of Terex by 4.3% in the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock worth $337,000 after buying an additional 300 shares in the last quarter. Congress Wealth Management LLC DE bought a new stake in Terex in the 4th quarter valued at $232,000. KLP Kapitalforvaltning AS purchased a new stake in Terex in the 4th quarter worth $610,000. AXQ Capital LP bought a new position in shares of Terex during the 4th quarter valued at about $277,000. Finally, American Century Companies Inc. grew its position in shares of Terex by 8.4% during the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock valued at $80,479,000 after purchasing an additional 135,286 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Trading Up 0.7 %

Shares of TEX stock traded up $0.28 during trading hours on Tuesday, reaching $38.06. 1,038,648 shares of the stock were exchanged, compared to its average volume of 870,659. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 7.67, 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's 50-day moving average price is $43.04 and its 200-day moving average price is $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 (NYSE:TEX - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) 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 quarter last year, the firm earned $1.88 earnings per share. As a group, equities analysts anticipate 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. Shareholders of record on Friday, March 7th were paid 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 1.79%. Terex's payout ratio is 13.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. 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 report on Thursday, December 19th. 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. The Goldman Sachs Group lowered their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Citigroup reduced their target price on shares of Terex from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $54.22.

Insider Transactions at Terex

In related news, Director Andra Rush bought 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company's stock.

About Terex

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.