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

Great Lakes Advisors LLC reduced its stake in shares of Terex Co. (NYSE:TEX) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,041 shares of the industrial products company’s stock after selling 10,717 shares during the period. Great Lakes Advisors LLC owned about 0.10% of Terex worth $3,191,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TEX. Jones Financial Companies Lllp acquired a new position in shares of Terex in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC boosted its holdings in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Terex in the 3rd quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in shares of Terex in the 3rd quarter valued at about $41,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Terex in the 4th quarter valued at about $51,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Up 3.1 %

TEX stock opened at $40.37 on Friday. Terex Co. has a 52 week low of $36.15 and a 52 week high of $68.08. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The firm’s 50-day moving average is $44.65 and its two-hundred day moving average is $49.50. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

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 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 quarter in the prior year, the business posted $1.88 EPS. On average, analysts forecast 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. Shareholders of record on Friday, March 7th will be given 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 1.68%. Terex’s dividend payout ratio (DPR) is 13.71%.

Insider Buying and Selling

In other Terex news, Director Andra Rush bought 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup decreased their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Evercore ISI decreased their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Truist Financial cut their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. StockNews.com downgraded shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Barclays cut their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Terex currently has an average rating of “Hold” and an average price target of $56.11.

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.