Terex Co. (NYSE:TEX) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in shares of Terex Co. (NYSE:TEX - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,301 shares of the industrial products company's stock after selling 47,614 shares during the period. Squarepoint Ops LLC owned about 0.12% of Terex worth $3,758,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its position in Terex by 40.2% during the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after buying an additional 37,072 shares in the last quarter. Blue Trust Inc. boosted its stake in Terex by 26.8% in the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after purchasing an additional 260 shares in the last quarter. KBC Group NV boosted its stake in Terex by 15.5% in the 4th quarter. KBC Group NV now owns 9,590 shares of the industrial products company's stock worth $443,000 after purchasing an additional 1,290 shares in the last quarter. Cascade Investment Advisors Inc. purchased a new stake in Terex during the 4th quarter valued at about $1,070,000. Finally, Donald L. Hagan LLC bought a new stake in Terex during the 4th quarter valued at about $1,177,000. 92.88% of the stock is currently owned by institutional investors.

Terex Trading Down 2.0%

NYSE:TEX traded down $0.91 on Friday, reaching $45.03. The stock had a trading volume of 761,361 shares, compared to its average volume of 924,378. Terex Co. has a 12-month low of $31.53 and a 12-month high of $68.08. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 4.53 and a beta of 1.52. The firm's fifty day moving average is $39.41 and its two-hundred day moving average is $43.99. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX - Get Free Report) last issued 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 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%. Terex's revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. Equities analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend yield of 1.51%. Terex's payout ratio is currently 18.53%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TEX shares. Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and lifted their target price for the company from $45.00 to $60.00 in a research note on Tuesday. Morgan Stanley reduced their target price on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Evercore ISI increased their price target on Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Barclays cut their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $50.20.

Insider Buying and Selling

In related news, insider Joshua Gross sold 5,389 shares of the 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 completion of the sale, the insider now directly owns 38,755 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director Andra Rush purchased 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This represents a 6.03% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company's stock.

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.