Nomura Holdings Inc. Purchases Shares of 8,847 Terex Co. (NYSE:TEX)

Nomura Holdings Inc. purchased a new stake in shares of Terex Co. (NYSE:TEX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,847 shares of the industrial products company's stock, valued at approximately $409,000.

Several other large investors have also recently bought and sold shares of the business. FMR LLC raised its position in Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after buying an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Terex by 94.8% during 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 buying an additional 1,046,600 shares during the period. First Trust Advisors LP raised its position in Terex by 43.2% during 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 buying an additional 582,819 shares during the period. Fisher Asset Management LLC raised its position in Terex by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after buying an additional 41,685 shares during the period. Finally, American Century Companies Inc. raised its position in Terex by 8.4% during 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 buying an additional 135,286 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Up 5.8%

Shares of TEX traded up $2.60 during trading hours on Tuesday, hitting $47.21. 669,896 shares of the company were exchanged, compared to its average volume of 921,681. The company has a market cap of $3.13 billion, a PE ratio of 9.52, a PEG ratio of 4.53 and a beta of 1.52. The firm's 50 day moving average is $39.08 and its 200-day moving average is $44.15. Terex Co. has a 52 week low of $31.53 and a 52 week high of $68.08. 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 (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion during 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 firm's revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 EPS. On average, equities research analysts forecast that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.44%. Terex's payout ratio is 18.53%.

Wall Street Analyst Weigh In

TEX has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. UBS Group upgraded Terex from a "sell" rating to a "neutral" rating and boosted their target price for the company from $34.00 to $48.00 in a research note on Friday, May 16th. Wall Street Zen upgraded Terex from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Barclays lowered their target price on Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $50.20.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,389 shares of the 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 completion of the sale, the insider now owns 38,755 shares in the company, valued at $1,579,266.25. This represents a 12.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now owns 23,308 shares in the company, valued at $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 owned by corporate 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.