TCW Group Inc. Has $628,000 Position in Terex Co. (NYSE:TEX)

TCW Group Inc. lowered its stake in shares of Terex Co. (NYSE:TEX) by 9.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,924 shares of the industrial products company’s stock after selling 1,110 shares during the period. TCW Group Inc.’s holdings in Terex were worth $628,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Quest Partners LLC acquired a new position in shares of Terex during the fourth quarter valued at about $550,000. Clearbridge Investments LLC raised its position in Terex by 1.8% in the fourth quarter. Clearbridge Investments LLC now owns 342,245 shares of the industrial products company’s stock worth $19,665,000 after purchasing an additional 6,119 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Terex by 514.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 24,313 shares of the industrial products company’s stock worth $1,397,000 after purchasing an additional 20,359 shares in the last quarter. UBS Group AG raised its position in Terex by 83.3% in the fourth quarter. UBS Group AG now owns 147,149 shares of the industrial products company’s stock worth $8,455,000 after purchasing an additional 66,889 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Terex by 5.2% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 79,109 shares of the industrial products company’s stock worth $4,546,000 after purchasing an additional 3,877 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Price Performance

Shares of TEX traded up $0.44 during mid-day trading on Friday, hitting $60.97. 477,441 shares of the company traded hands, compared to its average volume of 743,345. Terex Co. has a one year low of $43.70 and a one year high of $65.89. The company has a current ratio of 2.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $61.54 and a 200 day moving average of $57.85. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 8.08 and a beta of 1.66.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. Terex had a net margin of 9.87% and a return on equity of 30.53%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, equities analysts expect that Terex Co. will post 7.09 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.12%. Terex’s payout ratio is presently 9.01%.

Insider Buying and Selling at Terex

In other Terex news, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total value of $200,818.00. Following the transaction, the chief accounting officer now directly owns 14,606 shares of the company’s stock, valued at $905,572. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Kieran Hegarty sold 17,190 shares of Terex stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $58.26, for a total transaction of $1,001,489.40. Following the transaction, the insider now directly owns 200,029 shares of the company’s stock, valued at $11,653,689.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Stephen Johnston sold 3,239 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $62.00, for a total transaction of $200,818.00. Following the sale, the chief accounting officer now owns 14,606 shares in the company, valued at $905,572. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,468 shares of company stock valued at $9,280,882. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TEX. Truist Financial began coverage on shares of Terex in a research report on Thursday, March 14th. They issued a “buy” rating and a $73.00 price target for the company. UBS Group raised their price objective on shares of Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. lowered shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Monday, March 18th. Evercore ISI dropped their price objective on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Finally, Citigroup raised their price objective on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Terex currently has an average rating of “Hold” and an average target price of $65.33.

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.