Terex Co. (NYSE:TEX) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Terex Co. (NYSE:TEX - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,891 shares of the industrial products company's stock after purchasing an additional 6,383 shares during the period. ProShare Advisors LLC's holdings in Terex were worth $1,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of TEX. Paradoxiom Capital L.P. acquired a new position in Terex during the 4th quarter worth about $5,862,000. Nomura Holdings Inc. acquired a new position in shares of Terex during the fourth quarter worth about $409,000. Millennium Management LLC increased its stake in shares of Terex by 22.0% during the fourth quarter. Millennium Management LLC now owns 21,584 shares of the industrial products company's stock worth $998,000 after buying an additional 3,886 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Terex by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 499,628 shares of the industrial products company's stock worth $23,093,000 after buying an additional 26,724 shares during the period. Finally, Kettle Hill Capital Management LLC purchased a new position in Terex in the fourth quarter worth approximately $1,851,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

Terex stock traded down $0.68 during trading hours on Wednesday, reaching $46.54. 133,298 shares of the stock were exchanged, compared to its average volume of 918,591. Terex Co. has a 52-week low of $31.53 and a 52-week high of $68.08. The stock has a market cap of $3.08 billion, a P/E ratio of 9.38, a P/E/G ratio of 4.53 and a beta of 1.52. 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 firm's 50 day moving average is $39.08 and its 200 day moving average is $44.15.

Terex (NYSE:TEX - Get Free Report) last posted 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. Terex had a net margin of 6.54% and a return on equity of 21.99%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the company posted $1.60 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. Analysts predict that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. Terex's dividend payout ratio is currently 18.53%.

Insider Activity at Terex

In related news, Director Andra Rush purchased 1,325 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was acquired 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 of the company's stock, valued at $861,463.68. This trade represents a 6.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joshua Gross sold 5,389 shares of the firm's 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 sale, the insider now owns 38,755 shares of the company's stock, valued at $1,579,266.25. This trade represents a 12.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TEX. Wall Street Zen upgraded shares of Terex from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Barclays cut their price target 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. Evercore ISI raised their target price on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and upped their price target for the company from $45.00 to $60.00 in a report on Tuesday. Finally, Citigroup reduced their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Eight 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 company. Based on data from MarketBeat, Terex currently has an average rating of "Hold" and an average target price of $50.20.

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.