Terex Co. (NYSE:TEX) Holdings Raised by Fmr LLC

Fmr LLC grew its stake in shares of Terex Co. (NYSE:TEX) by 17.0% in the 4th quarter, HoldingsChannel reports. The firm owned 8,782,287 shares of the industrial products company’s stock after acquiring an additional 1,272,920 shares during the quarter. Fmr LLC owned approximately 0.13% of Terex worth $405,917,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TEX. Quantinno Capital Management LP lifted its holdings in shares of Terex by 25.2% during the third quarter. Quantinno Capital Management LP now owns 8,664 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 1,744 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Terex during the third quarter valued at $217,000. Y Intercept Hong Kong Ltd purchased a new stake in Terex in the 3rd quarter worth about $1,281,000. Barclays PLC lifted its stake in Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after acquiring an additional 37,072 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in Terex in the 3rd quarter worth about $497,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of NYSE TEX opened at $36.75 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 4.53 and a beta of 1.40. The business’s 50-day simple moving average is $40.92 and its 200-day simple moving average is $47.37. Terex Co. has a 52 week low of $31.53 and a 52 week high of $68.08.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $1.88 EPS. As a group, equities research analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio (DPR) is currently 13.71%.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, with a total value 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 represents a 6.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TEX shares. The Goldman Sachs Group reduced their price objective on Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Citigroup reduced their price objective on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday. Evercore ISI reduced their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced 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, March 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Terex has a consensus rating of “Hold” and a consensus price target of $48.44.

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.