Ameriprise Financial Inc. Sells 54,554 Shares of Terex Co. (NYSE:TEX)

Ameriprise Financial Inc. trimmed its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,185 shares of the industrial products company's stock after selling 54,554 shares during the period. Ameriprise Financial Inc. owned about 0.12% of Terex worth $3,752,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in shares of Terex during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Terex during the fourth quarter valued at $51,000. Blue Trust Inc. lifted its holdings in shares of Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 260 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Terex by 817.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 1,871 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Down 2.0%

Shares of Terex stock traded down $0.91 during trading on Friday, hitting $45.03. 761,361 shares of the stock traded hands, compared to its average volume of 924,378. The stock has a market cap of $2.98 billion, a P/E ratio of 9.08, a PEG ratio of 4.53 and a beta of 1.52. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. The company has a fifty day moving average price of $39.41 and a two-hundred day moving average price of $43.99.

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

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, June 6th. Terex's payout ratio is 18.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TEX. JPMorgan Chase & Co. upped their target price on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, May 5th. UBS Group raised Terex from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $34.00 to $48.00 in a research note on Friday, May 16th. Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $60.00 in a research note on Tuesday. Finally, Evercore ISI increased their price objective on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $50.20.

Insider Activity at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction that occurred 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 transaction, the insider now directly owns 38,755 shares of the company's stock, valued at $1,579,266.25. The trade was a 12.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andra Rush purchased 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares in the company, 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. 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.