Dimensional Fund Advisors LP Sells 57,645 Shares of Terex Co. (NYSE:TEX)

Dimensional Fund Advisors LP trimmed its stake in Terex Co. (NYSE:TEX - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,963,240 shares of the industrial products company's stock after selling 57,645 shares during the period. Dimensional Fund Advisors LP owned about 4.44% of Terex worth $136,957,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Cascade Investment Advisors Inc. bought a new position in shares of Terex in the fourth quarter valued at about $1,070,000. Norges Bank acquired a new position in shares of Terex during the fourth quarter worth approximately $35,001,000. KLP Kapitalforvaltning AS bought a new stake in shares of Terex during the fourth quarter valued at approximately $610,000. Barclays PLC increased its holdings in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after purchasing an additional 37,072 shares in the last quarter. Finally, J2 Capital Management Inc bought a new position in Terex in the 4th quarter worth approximately $353,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Up 3.1 %

Shares of NYSE:TEX traded up $1.09 during trading on Thursday, hitting $36.29. 292,195 shares of the company's stock traded hands, compared to its average volume of 886,454. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average price of $37.64 and a 200-day moving average price of $45.57. Terex Co. has a 52 week low of $31.53 and a 52 week high of $68.08. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the company earned $1.88 EPS. As a group, research analysts forecast that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, March 7th. Terex's payout ratio is 13.71%.

Insiders Place Their Bets

In related news, Director Andra Rush purchased 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 transaction, the director now directly owns 23,308 shares of the company's stock, valued at $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

TEX has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Citigroup cut their target price on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. StockNews.com cut shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Morgan Stanley cut their price objective on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Barclays lowered their target price on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Terex presently has a consensus rating of "Hold" and a consensus price target of $45.60.

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.