Nomura Holdings Inc. Takes $409,000 Position in Terex Co. (NYSE:TEX)

Nomura Holdings Inc. purchased a new stake in shares of Terex Co. (NYSE:TEX - Free Report) in the 4th quarter, according to the company in 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of TEX. FMR LLC grew its stake in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after acquiring an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings 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 purchasing an additional 1,046,600 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after purchasing an additional 582,819 shares during the period. Fisher Asset Management LLC increased its stake in shares of Terex by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock worth $87,385,000 after purchasing an additional 41,685 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Terex by 8.4% during the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock valued at $80,479,000 after purchasing an additional 135,286 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, Director Andra Rush acquired 1,325 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now directly owns 23,308 shares in the company, valued at $861,463.68. The trade was a 6.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the sale, the insider now owns 38,755 shares of the company's stock, valued at approximately $1,579,266.25. This trade represents 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 insiders.

Wall Street Analysts Forecast Growth

TEX has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a report on Tuesday. JPMorgan Chase & Co. increased their target price on Terex from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Truist Financial lifted their target price on Terex from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Morgan Stanley dropped their price target 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. Finally, Evercore ISI lifted 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. Eight investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $50.20.

Terex Trading Up 4.8%

TEX stock traded up $2.14 during midday trading on Tuesday, reaching $46.75. 139,430 shares of the company traded hands, compared to its average volume of 919,673. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 4.53 and a beta of 1.52. Terex Co. has a 52-week low of $31.53 and a 52-week high of $68.08. The business has a 50 day moving average of $38.92 and a 200-day moving average of $44.13. 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 for the quarter, beating the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. Terex's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. As a group, sell-side 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 issued a dividend of $0.17 per share. The ex-dividend date is Friday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.45%. Terex's payout ratio is 18.53%.

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.