Terex Co. (NYSE:TEX) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Terex Co. (NYSE:TEX - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,559 shares of the industrial products company's stock after buying an additional 19,350 shares during the period. Deutsche Bank AG owned about 0.09% of Terex worth $2,845,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after buying an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Terex by 94.8% in 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 during the period. Norges Bank purchased a new position in shares of Terex in the fourth quarter worth about $35,001,000. First Trust Advisors LP lifted its holdings in shares of 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 worth $89,247,000 after purchasing an additional 582,819 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Terex by 66.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company's stock worth $16,305,000 after purchasing an additional 141,352 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Price Performance

Shares of Terex stock traded up $2.60 on Tuesday, reaching $47.21. The company's stock had a trading volume of 669,896 shares, compared to its average volume of 921,681. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $3.13 billion, a P/E ratio of 9.52, a PEG ratio of 4.53 and a beta of 1.52. The stock has a 50-day moving average price of $39.08 and a 200-day moving average price of $44.15. Terex Co. has a 52-week low of $31.53 and a 52-week high of $68.08.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 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 analyst estimates of $1.26 billion. Terex had a net margin of 6.54% and a return on equity of 21.99%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. Analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 1.44%. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insider Activity at Terex

In other news, 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 value of $219,601.75. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andra Rush acquired 1,325 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost 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 represents a 6.03% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI increased their price objective on shares of Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. The Goldman Sachs Group raised shares of 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. Barclays reduced their price objective on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Citigroup decreased their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird upgraded Terex from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $50.20.

About Terex

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.