Terex Co. (NYSE:TEX) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in Terex Co. (NYSE:TEX) by 36.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,775 shares of the industrial products company’s stock after selling 77,727 shares during the quarter. Royce & Associates LP owned about 0.20% of Terex worth $6,183,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp acquired a new stake in Terex in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its stake in shares of Terex by 46.1% in the fourth 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 during the period. Wilmington Savings Fund Society FSB acquired a new stake in Terex during the 3rd quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in Terex during the 3rd quarter worth $41,000. Finally, VisionPoint Advisory Group LLC acquired a new position in Terex in the 4th quarter worth $51,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on TEX shares. Evercore ISI lowered their target price on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Barclays reduced their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, Citigroup cut their price target on shares of Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.33.

Insider Transactions at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now owns 23,308 shares of the company’s stock, valued at $861,463.68. The trade was a 6.03 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Terex Trading Up 0.1 %

NYSE:TEX opened at $39.67 on Wednesday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 8.00, a P/E/G ratio of 4.53 and a beta of 1.56. The business has a 50 day simple moving average of $44.41 and a 200 day simple moving average of $49.18. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex Co. has a 12-month low of $36.15 and a 12-month high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $1.88 earnings per share. Equities research analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.71%. Terex’s dividend payout ratio (DPR) is presently 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.