Css LLC Il Increases Stock Position in Terex Co. (NYSE:TEX)

Css LLC Il raised its position in Terex Co. (NYSE:TEX - Free Report) by 49.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,077 shares of the industrial products company's stock after buying an additional 8,970 shares during the period. Css LLC Il's holdings in Terex were worth $1,251,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in shares of Terex in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC increased its holdings in Terex by 46.1% in 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 in the last quarter. VisionPoint Advisory Group LLC acquired a new position in Terex during the fourth quarter worth $51,000. Blue Trust Inc. lifted its holdings in 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 in the last quarter. Finally, Sterling Capital Management LLC increased its stake 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 worth $97,000 after purchasing an additional 1,871 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of research reports. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Morgan Stanley lowered their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Citigroup lowered their target price on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $49.40.

Terex Trading Down 0.2%

Shares of TEX stock opened at $48.24 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. The company's 50-day moving average price is $38.49 and its 200-day moving average price is $44.47. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS 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 the consensus estimate of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. As a group, equities analysts predict that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.17 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. Terex's dividend payout ratio is currently 18.53%.

Insider Buying and Selling

In other Terex news, Director Andra Rush acquired 1,325 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joshua Gross sold 5,389 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the sale, the insider now directly owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate 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.

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