BNP Paribas Financial Markets Purchases 10,163 Shares of Terex Co. (NYSE:TEX)

BNP Paribas Financial Markets increased its position in Terex Co. (NYSE:TEX - Free Report) by 44.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,971 shares of the industrial products company's stock after purchasing an additional 10,163 shares during the quarter. BNP Paribas Financial Markets' holdings in Terex were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TEX. FMR LLC boosted its stake in shares of Terex by 17.0% in the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after purchasing an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Terex by 94.8% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in Terex in the fourth quarter valued at $35,001,000. First Trust Advisors LP raised its holdings in Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock valued at $89,247,000 after acquiring an additional 582,819 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Terex by 8.4% in the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock valued at $80,479,000 after acquiring an additional 135,286 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of Terex stock traded down $1.23 during trading on Friday, hitting $44.61. 648,265 shares of the stock were exchanged, compared to its average volume of 922,692. The stock's fifty day moving average is $38.82 and its 200 day moving average is $44.29. The stock has a market cap of $2.96 billion, a PE ratio of 8.99, a P/E/G 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 12 month low of $31.53 and a 12 month high of $68.08.

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

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. Terex's dividend payout ratio is currently 18.53%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target 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. JPMorgan Chase & Co. upped their price target on shares of Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, May 5th. UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and upped their price target for the company from $34.00 to $48.00 in a report on Friday, May 16th. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Terex from a "sell" rating to a "hold" rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $49.40.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,389 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the transaction, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. This trade represents a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now 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. 1.90% of the stock is currently owned by 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.