Terex Co. (NYSE:TEX) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its stake in Terex Co. (NYSE:TEX - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,041 shares of the industrial products company's stock after selling 10,717 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.10% of Terex worth $3,191,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TEX. Regents Gate Capital LLP acquired a new stake in shares of Terex in the fourth quarter valued at about $5,561,000. Point72 Asset Management L.P. acquired a new position in Terex during the third quarter worth about $4,283,000. Foundry Partners LLC acquired a new position in Terex during the third quarter worth about $3,881,000. Bank of New York Mellon Corp boosted its position in Terex by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 725,486 shares of the industrial products company's stock worth $33,532,000 after acquiring an additional 52,885 shares during the last quarter. Finally, Bridgewater Associates LP boosted its position in Terex by 176.1% during the third quarter. Bridgewater Associates LP now owns 79,009 shares of the industrial products company's stock worth $4,180,000 after acquiring an additional 50,389 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Insider Buying and Selling

In other Terex news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

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Analyst Ratings Changes

TEX has been the topic of a number of recent research reports. Evercore ISI lowered 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 target on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Truist Financial reduced their target price on shares of Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, December 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 research note on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $54.22.

Terex Trading Down 0.1 %

Shares of Terex stock traded down $0.04 on Wednesday, reaching $39.60. The company had a trading volume of 897,785 shares, compared to its average volume of 915,478. The firm's 50 day moving average price is $44.41 and its two-hundred day moving average price is $49.18. The firm has a market cap of $2.63 billion, a PE ratio of 7.98, a PEG ratio of 4.53 and a beta of 1.56. Terex Co. has a 52-week low of $36.15 and a 52-week high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business posted $1.88 EPS. Sell-side analysts predict that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, March 7th. Terex's dividend payout ratio (DPR) is 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.