Terex Co. (NYSE:TEX) Shares Sold by Aviso Financial Inc.

Aviso Financial Inc. lowered its position in Terex Co. (NYSE:TEX) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,890 shares of the industrial products company’s stock after selling 360 shares during the period. Aviso Financial Inc.’s holdings in Terex were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Terex in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its position in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Terex in the third quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in shares of Terex during the 3rd quarter worth $41,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Terex during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on TEX shares. Citigroup decreased their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Evercore ISI decreased 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. JPMorgan Chase & Co. dropped their price objective on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Barclays decreased their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com cut Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.11.

Insider Activity at Terex

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

Terex Stock Up 3.1 %

TEX opened at $40.37 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of 8.14, a PEG ratio of 4.53 and a beta of 1.56. The business’s fifty day simple moving average is $44.65 and its 200 day simple moving average is $49.50. Terex Co. has a 52 week low of $36.15 and a 52 week high of $68.08. The company has a quick ratio of 1.09, a current ratio of 2.16 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 earnings per share (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 in the previous year, the company posted $1.88 EPS. As a group, equities research analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, March 7th. Terex’s dividend payout ratio is currently 13.71%.

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.