Ameriprise Financial Inc. Trims Stock Holdings in Terex Co. (NYSE:TEX)

Ameriprise Financial Inc. decreased its position in Terex Co. (NYSE:TEX - Free Report) by 40.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 81,185 shares of the industrial products company's stock after selling 54,554 shares during the quarter. Ameriprise Financial Inc. owned 0.12% of Terex worth $3,752,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC grew its holdings in Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after acquiring an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock valued at $99,404,000 after acquiring an additional 1,046,600 shares during the period. Norges Bank acquired a new stake in Terex during the 4th quarter worth approximately $35,001,000. First Trust Advisors LP raised its holdings in Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after buying an additional 582,819 shares during the period. Finally, American Century Companies Inc. raised its holdings in Terex by 8.4% during the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock worth $80,479,000 after buying an additional 135,286 shares during the period. Institutional investors own 92.88% of the company's stock.

Terex Price Performance

NYSE TEX traded down $0.56 during trading hours on Friday, hitting $45.38. The company had a trading volume of 250,920 shares, compared to its average volume of 920,863. The firm has a 50 day simple moving average of $39.32 and a 200 day simple moving average of $44.10. Terex Co. has a 52 week low of $31.53 and a 52 week high of $68.08. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 9.15, 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 (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. Terex's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.60 EPS. Equities research analysts expect that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio is currently 18.53%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TEX. Citigroup decreased their price target on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays reduced 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. Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price target on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Terex has an average rating of "Hold" and a consensus target price of $50.20.

Insider Activity at Terex

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

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.