Squarepoint Ops LLC Reduces Stake in Terex Co. (NYSE:TEX)

Squarepoint Ops LLC trimmed its stake in Terex Co. (NYSE:TEX - Free Report) by 36.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,301 shares of the industrial products company's stock after selling 47,614 shares during the quarter. Squarepoint Ops LLC owned 0.12% of Terex worth $3,758,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in shares of Terex during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC lifted its stake in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after purchasing an additional 222 shares during the period. VisionPoint Advisory Group LLC bought a new position in shares of Terex in the 4th quarter worth approximately $51,000. Blue Trust Inc. lifted its stake in shares of 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 during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Terex by 817.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock worth $97,000 after purchasing an additional 1,871 shares during the period. 92.88% of the stock is owned by institutional investors.

Terex Price Performance

Shares of TEX stock traded down $0.19 on Thursday, reaching $45.93. The company's stock had a trading volume of 1,155,059 shares, compared to its average volume of 922,679. The stock's fifty day simple moving average is $39.22 and its 200-day simple moving average is $44.16. Terex Co. has a 1 year low of $31.53 and a 1 year high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the company earned $1.60 earnings per share. Analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given 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 1.48%. Terex's dividend payout ratio (DPR) is 18.53%.

Wall Street Analyst Weigh In

TEX has been the subject of several analyst reports. UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and increased their target price for the stock from $34.00 to $48.00 in a report on Friday, May 16th. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and increased their target price for the stock from $45.00 to $60.00 in a report on Tuesday. Barclays reduced their target price on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Truist Financial increased their target price on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, May 5th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $50.20.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,389 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the sale, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andra Rush bought 1,325 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the transaction, the director now owns 23,308 shares of the company's stock, valued at $861,463.68. The trade was 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 currently 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.