Lingohr Asset Management GmbH Has $279,000 Stock Position in Terex Co. (NYSE:TEX)

Lingohr Asset Management GmbH lowered its stake in Terex Co. (NYSE:TEX) by 46.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,164 shares of the industrial products company’s stock after selling 5,352 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Terex were worth $279,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TEX. Advisors Asset Management Inc. lifted its stake in shares of Terex by 8.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 57,056 shares of the industrial products company’s stock valued at $3,019,000 after purchasing an additional 4,633 shares during the period. Moran Wealth Management LLC raised its stake in Terex by 2.7% during the 3rd quarter. Moran Wealth Management LLC now owns 45,339 shares of the industrial products company’s stock worth $2,399,000 after buying an additional 1,209 shares during the period. Intech Investment Management LLC raised its stake in Terex by 487.9% during the 3rd quarter. Intech Investment Management LLC now owns 28,037 shares of the industrial products company’s stock worth $1,483,000 after buying an additional 23,268 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Terex during the 3rd quarter worth $457,000. Finally, Foundry Partners LLC acquired a new stake in Terex during the 3rd quarter worth $3,881,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Buying and Selling

In other Terex news, Director Andra Rush purchased 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

Terex Price Performance

Shares of NYSE TEX opened at $39.60 on Thursday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 4.53 and a beta of 1.56. The business has a 50-day moving average of $44.31 and a 200-day moving average of $49.12. 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 fifty-two week low of $36.15 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business posted $1.88 earnings per share. As a group, sell-side analysts predict that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 yield of 1.72%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s payout ratio is currently 13.71%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup dropped their price objective on Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday. Barclays dropped their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Evercore ISI dropped their price target on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.22.

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.