Terex Co. (NYSE:TEX) Stock Position Decreased by Royce & Associates LP

Royce & Associates LP cut its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,775 shares of the industrial products company's stock after selling 77,727 shares during the period. Royce & Associates LP owned about 0.20% of Terex worth $6,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Lingohr Asset Management GmbH grew its position in shares of Terex by 2.0% during the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company's stock worth $607,000 after buying an additional 230 shares in the last quarter. Blue Trust Inc. increased its stake 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 buying an additional 260 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Terex by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after acquiring an additional 320 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Terex by 2.2% during the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company's stock valued at $1,023,000 after acquiring an additional 467 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on TEX. Citigroup cut 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, March 17th. Truist Financial reduced their target price on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their target price on Terex from $51.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Terex has a consensus rating of "Hold" and a consensus price target of $54.22.

Insider Activity at Terex

In related news, Director Andra Rush acquired 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

Terex Stock Performance

Shares of Terex stock traded up $0.03 during trading on Friday, hitting $39.11. 3,958,068 shares of the stock were exchanged, compared to its average volume of 839,087. 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 Co. has a 12 month low of $36.15 and a 12 month high of $68.08. The stock's fifty day moving average is $44.09 and its 200 day moving average is $48.92. The stock has a market cap of $2.60 billion, a PE ratio of 7.88, a P/E/G ratio of 4.53 and a beta of 1.56.

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 for the quarter, beating 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 quarter in the previous year, the firm earned $1.88 EPS. As a group, sell-side analysts anticipate that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was 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.