Terex Co. (NYSE:TEX) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 76.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,283 shares of the industrial products company's stock after selling 63,883 shares during the quarter. Lazard Asset Management LLC's holdings in Terex were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TEX. FMR LLC grew its holdings 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 in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in 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 last quarter. First Trust Advisors LP raised its holdings in 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 in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Terex by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock valued at $87,385,000 after buying an additional 41,685 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Terex by 8.4% in the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock valued at $80,479,000 after buying an additional 135,286 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Down 0.2%

Terex stock opened at $48.24 on Wednesday. Terex Co. has a fifty-two week low of $31.53 and a fifty-two week high of $68.08. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. The stock's fifty day moving average is $38.49 and its two-hundred day moving average is $44.47. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

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

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, June 6th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TEX shares. The Goldman Sachs Group decreased their target price on Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and lifted their target price for the company from $34.00 to $48.00 in a report on Friday, May 16th. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $48.00 to $66.00 in a research note on Tuesday, May 13th. Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their price target on Terex from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $49.40.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 5,389 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction 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. The trade was a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andra Rush purchased 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at approximately $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 insiders.

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.

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