Barclays PLC Grows Stock Holdings in Terex Co. (NYSE:TEX)

Barclays PLC lifted its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,988 shares of the industrial products company's stock after acquiring an additional 31,738 shares during the period. Barclays PLC owned 0.24% of Terex worth $7,441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 46.1% during the 4th 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 during the period. Envestnet Asset Management Inc. raised its holdings in shares of Terex by 0.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock worth $1,695,000 after acquiring an additional 237 shares during the period. Blue Trust Inc. raised its holdings in shares of Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after acquiring an additional 260 shares during the period. Barnett & Company Inc. raised its holdings in shares of Terex by 4.3% during the 4th quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock worth $337,000 after acquiring an additional 300 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in Terex by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after buying an additional 320 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TEX. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. UBS Group lowered shares of Terex from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $49.00 to $32.00 in a report on Monday, April 7th. The Goldman Sachs Group reduced their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Evercore ISI reduced their price objective on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup reduced their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $45.60.

Terex Stock Down 1.2 %

Shares of Terex stock traded down $0.43 on Wednesday, reaching $35.18. 968,876 shares of the company were exchanged, compared to its average volume of 888,398. Terex Co. has a 1-year low of $31.53 and a 1-year high of $68.08. The company has a market cap of $2.33 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. 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 stock's 50 day moving average price is $37.64 and its 200-day moving average price is $45.57.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping 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 quarter in the previous year, the business earned $1.88 earnings per share. As a group, equities analysts forecast that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio is currently 13.71%.

Insider Buying and Selling at Terex

In other news, Director Andra Rush acquired 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The stock was bought 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 owns 23,308 shares in the company, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company 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.