Terex Co. (NYSE:TEX) Shares Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. increased its holdings in shares of Terex Co. (NYSE:TEX) by 28.7% during the fourth quarter, HoldingsChannel reports. The fund owned 63,788 shares of the industrial products company’s stock after buying an additional 14,209 shares during the period. Capital Fund Management S.A.’s holdings in Terex were worth $2,948,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TEX. Raymond James Financial Inc. acquired a new position in shares of Terex during the 4th quarter worth $2,291,000. Advisory Services Network LLC purchased a new stake in Terex during the fourth quarter worth about $527,000. Bank of Montreal Can grew its position in Terex by 5.4% during the fourth quarter. Bank of Montreal Can now owns 11,771 shares of the industrial products company’s stock worth $544,000 after buying an additional 604 shares during the period. FMR LLC increased its holdings in Terex by 17.0% in the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock valued at $405,917,000 after buying an additional 1,272,920 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Terex by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 201,109 shares of the industrial products company’s stock valued at $9,295,000 after acquiring an additional 678 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of research reports. Truist Financial lowered their price target on Terex from $58.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their price target on Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Barclays decreased 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. UBS Group downgraded shares of Terex from a “neutral” rating to a “sell” rating and dropped their target price for the company from $49.00 to $32.00 in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Terex from $48.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.33.

Terex Stock Performance

Shares of NYSE TEX opened at $35.38 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company has a market cap of $2.34 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The company has a 50-day simple moving average of $40.19 and a 200-day simple moving average of $46.96. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08.

Terex (NYSE:TEX) last issued its quarterly earnings results 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 prior year, the firm posted $1.88 earnings per share. On average, equities analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.92%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insiders Place Their Bets

In related news, Director Andra Rush purchased 1,325 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.