Mackenzie Financial Corp Grows Holdings in Terex Co. (NYSE:TEX)

Mackenzie Financial Corp raised its holdings in Terex Co. (NYSE:TEX - Free Report) by 124.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,897 shares of the industrial products company's stock after purchasing an additional 5,497 shares during the period. Mackenzie Financial Corp's holdings in Terex were worth $457,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Neo Ivy Capital Management purchased a new position in Terex during the fourth quarter valued at approximately $29,000. Vise Technologies Inc. grew its stake in Terex by 11.1% during the fourth quarter. Vise Technologies Inc. now owns 5,373 shares of the industrial products company's stock valued at $248,000 after acquiring an additional 538 shares in the last quarter. CSS LLC IL grew its stake in Terex by 49.5% during the fourth quarter. CSS LLC IL now owns 27,077 shares of the industrial products company's stock valued at $1,251,000 after acquiring an additional 8,970 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Terex by 19.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,613 shares of the industrial products company's stock valued at $8,949,000 after acquiring an additional 31,943 shares in the last quarter. Finally, State of Wyoming purchased a new position in Terex during the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Evercore ISI lifted their target price 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. Barclays dropped their target price 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. Morgan Stanley dropped their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup lowered their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $50.20.

Terex Trading Up 1.5%

Shares of NYSE TEX traded up $0.69 during mid-day trading on Friday, hitting $46.46. The stock had a trading volume of 630,632 shares, compared to its average volume of 923,053. 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 1 year low of $31.53 and a 1 year high of $68.08. The business has a 50 day moving average price of $40.07 and a two-hundred day moving average price of $43.82. The firm has a market cap of $3.08 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 4.53 and a beta of 1.60.

Terex (NYSE:TEX - Get Free Report) last issued its 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. 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 earned $1.60 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, June 6th. Terex's payout ratio is currently 18.53%.

Insider Buying and Selling at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

About Terex

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.