KBC Group NV Sells 6,367 Shares of Terex Corporation (NYSE:TEX)

KBC Group NV lessened its position in Terex Corporation (NYSE:TEX - Free Report) by 66.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,223 shares of the industrial products company's stock after selling 6,367 shares during the quarter. KBC Group NV's holdings in Terex were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of Terex by 88.1% in the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 424 shares during the period. Norges Bank purchased a new position in shares of Terex in the 4th quarter valued at approximately $35,001,000. KLP Kapitalforvaltning AS purchased a new position in shares of Terex in the 4th quarter valued at approximately $610,000. GAMMA Investing LLC lifted its stake in shares of Terex by 65.3% in the 1st quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 517 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Terex by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company's stock valued at $45,417,000 after purchasing an additional 41,758 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Insider Activity at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the sale, the insider owned 38,755 shares of the company's stock, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Terex Stock Performance

Shares of TEX traded down $1.34 during trading hours on Friday, hitting $52.06. The stock had a trading volume of 1,075,108 shares, compared to its average volume of 927,163. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $68.08. The firm has a market capitalization of $3.45 billion, a PE ratio of 14.19, a PEG ratio of 5.32 and a beta of 1.58. The stock has a fifty day moving average price of $46.22 and a 200 day moving average price of $43.21.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data 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. Terex had a return on equity of 18.79% and a net margin of 4.89%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. Terex's revenue was down 4.9% compared to the same quarter last year. Analysts anticipate that Terex Corporation will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, June 6th. Terex's payout ratio is currently 18.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TEX. Robert W. Baird upgraded Terex from a "neutral" rating to an "outperform" rating and raised their target price for the company from $48.00 to $66.00 in a research note on Tuesday, May 13th. Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Wall Street Zen upgraded Terex from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. UBS Group lifted their price objective on Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Morgan Stanley lowered their price objective on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.80.

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.