Terex Co. (NYSE:TEX) Shares Sold by Axa S.A.

AXA S.A. decreased its position in Terex Co. (NYSE:TEX - Free Report) by 42.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,966 shares of the industrial products company's stock after selling 32,941 shares during the period. AXA S.A. owned approximately 0.07% of Terex worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEX. Comerica Bank increased its stake in shares of Terex by 19.4% in the fourth quarter. Comerica Bank now owns 36,350 shares of the industrial products company's stock worth $1,680,000 after acquiring an additional 5,900 shares during the period. Northern Trust Corp boosted its holdings in Terex by 10.5% in the fourth quarter. Northern Trust Corp now owns 893,614 shares of the industrial products company's stock valued at $41,303,000 after purchasing an additional 85,094 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Terex during the 4th quarter worth about $2,869,000. Aquatic Capital Management LLC raised its stake in shares of Terex by 34.4% during the 4th quarter. Aquatic Capital Management LLC now owns 47,168 shares of the industrial products company's stock valued at $2,180,000 after buying an additional 12,068 shares during the last quarter. Finally, Oxford Asset Management LLP acquired a new position in shares of Terex in the 4th quarter valued at about $264,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TEX shares. UBS Group cut Terex from a "neutral" rating to a "sell" rating and reduced their price target for the company from $49.00 to $32.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on shares of Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. The Goldman Sachs Group cut their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a 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 for the company in a research report on Monday, February 10th. Finally, Truist Financial lifted their price target on Terex from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Terex presently has an average rating of "Hold" and a consensus price target of $46.40.

Terex Price Performance

NYSE TEX traded up $0.50 during mid-day trading on Friday, hitting $41.23. The stock had a trading volume of 489,793 shares, compared to its average volume of 901,485. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. 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 firm's 50 day moving average is $37.49 and its 200 day moving average is $44.70. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.26. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. Terex had a net margin of 6.54% and a return on equity of 21.99%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.60 earnings per share. Equities research analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Joshua Gross sold 5,389 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the sale, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andra Rush purchased 1,325 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

Terex Company 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.