Css LLC Il Purchases 8,970 Shares of Terex Co. (NYSE:TEX)

CSS LLC IL lifted its holdings in Terex Co. (NYSE:TEX - Free Report) by 49.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,077 shares of the industrial products company's stock after purchasing 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 reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new position in shares of Terex during the 4th quarter worth $31,000. Smartleaf Asset Management LLC raised 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 purchasing an additional 222 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Terex during the fourth quarter valued at $51,000. Blue Trust Inc. grew 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 during the period. Finally, Sterling Capital Management LLC increased its position in Terex by 817.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock worth $97,000 after buying an additional 1,871 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now owns 23,308 shares of the company's stock, valued at $861,463.68. This represents a 6.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joshua Gross sold 5,389 shares of the 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 directly 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 currently owned by company insiders.

Terex Price Performance

Shares of Terex stock traded down $1.23 on Monday, hitting $44.61. 648,265 shares of the company traded hands, compared to its average volume of 922,692. Terex Co. has a 52 week low of $31.53 and a 52 week high of $68.08. The business has a 50-day simple moving average of $38.82 and a 200 day simple moving average of $44.21. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The stock has a market capitalization of $2.96 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52.

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 analysts' consensus estimates of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $1.60 EPS. Terex's revenue for the quarter was down 4.9% compared to the same quarter last year. Research analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TEX shares. Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Terex from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and lifted their price target for the company from $34.00 to $48.00 in a report on Friday, May 16th. The Goldman Sachs Group reduced their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, Evercore ISI raised their price objective on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Nine investment 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. Based on data from MarketBeat, Terex presently has a consensus rating of "Hold" and a consensus target price of $49.40.

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.