Terex Co. (NYSE:TEX) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of Terex Co. (NYSE:TEX - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 237,389 shares of the industrial products company's stock after selling 19,395 shares during the quarter. Bank of America Corp DE owned about 0.36% of Terex worth $10,972,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its stake in Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after acquiring an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after acquiring an additional 1,046,600 shares during the period. Norges Bank bought a new stake in Terex during the 4th quarter worth approximately $35,001,000. First Trust Advisors LP raised its stake in Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after acquiring an additional 582,819 shares during the period. Finally, American Century Companies Inc. raised its stake in 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 worth $80,479,000 after acquiring an additional 135,286 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Price Performance

NYSE TEX traded down $0.82 during mid-day trading on Wednesday, hitting $46.40. The stock had a trading volume of 332,280 shares, compared to its average volume of 919,429. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 4.53 and a beta of 1.52. The firm's 50 day moving average is $39.08 and its 200 day moving average is $44.15. 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 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 business 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%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company earned $1.60 EPS. Equities research analysts forecast that Terex Co. will post 4.83 earnings per share 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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, June 6th. Terex's dividend payout ratio is presently 18.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TEX shares. JPMorgan Chase & Co. increased their price objective on shares of Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Evercore ISI increased their price objective on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Citigroup cut their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and increased their price objective for the company from $45.00 to $60.00 in a report on Tuesday. Finally, UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and increased their price objective for the company from $34.00 to $48.00 in a report on Friday, May 16th. 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 company. According to data from MarketBeat.com, Terex has an average rating of "Hold" and an average price target of $50.20.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction dated 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 transaction, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. This trade represents a 12.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andra Rush acquired 1,325 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

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.