Geode Capital Management LLC Has $73.30 Million Stock Holdings in Terex Co. (NYSE:TEX)

Geode Capital Management LLC cut its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,585,517 shares of the industrial products company's stock after selling 10,553 shares during the period. Geode Capital Management LLC owned approximately 2.37% of Terex worth $73,299,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its holdings in shares of Terex by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after purchasing an additional 41,685 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 buying an additional 135,286 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Terex by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company's stock worth $45,417,000 after buying an additional 41,758 shares during the period. Norges Bank acquired a new stake in shares of Terex during the fourth quarter valued at approximately $35,001,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Terex by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 725,486 shares of the industrial products company's stock valued at $33,532,000 after acquiring an additional 52,885 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

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Insider Transactions 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 shares were bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the acquisition, the director now owns 23,308 shares of the company's stock, valued at $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Terex Stock Performance

Shares of NYSE TEX traded down $0.76 during trading hours on Tuesday, hitting $34.54. 801,523 shares of the stock were exchanged, compared to its average volume of 904,247. Terex Co. has a one year low of $31.53 and a one year high of $68.08. The company's 50 day moving average is $40.19 and its 200 day moving average is $46.96. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The firm has a market capitalization of $2.29 billion, a P/E ratio of 6.96, a P/E/G ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping 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 last year, the firm earned $1.88 EPS. On average, research analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 annualized dividend and a dividend yield of 1.97%. Terex's dividend payout ratio is 13.71%.

Analyst Upgrades and Downgrades

TEX has been the subject of a number of research analyst reports. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and reduced their target price for the company from $49.00 to $32.00 in a report on Monday, April 7th. Citigroup decreased their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Evercore ISI dropped 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. The Goldman Sachs Group reduced their price target 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, JPMorgan Chase & Co. dropped their price objective on shares of Terex from $48.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Terex presently has a consensus rating of "Hold" and an average target price of $47.33.

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.