Terex Co. (NYSE:TEX) Stake Lessened by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its position in Terex Co. (NYSE:TEX - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 710,990 shares of the industrial products company's stock after selling 57,979 shares during the quarter. Voloridge Investment Management LLC owned approximately 1.06% of Terex worth $32,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in Terex during the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its holdings in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 222 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Terex during the 4th quarter valued at $51,000. Blue Trust Inc. boosted its holdings in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 260 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings 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 buying an additional 1,871 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley reduced their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. 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. 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. Citigroup reduced their price target on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Baird R W upgraded Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Terex has a consensus rating of "Hold" and a consensus price target of $50.20.

Terex Price Performance

Terex stock traded up $2.47 during mid-day trading on Tuesday, hitting $47.08. 194,753 shares of the company were exchanged, compared to its average volume of 1,007,868. Terex Co. has a 12-month low of $31.53 and a 12-month high of $68.08. The business's 50 day simple moving average is $38.92 and its two-hundred day simple moving average is $44.13. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company has a market capitalization of $3.12 billion, a P/E ratio of 9.48, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The business's revenue was down 4.9% on a year-over-year basis. Analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm 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. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio (DPR) is 18.53%.

Insider Activity at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction that occurred 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 transaction, the insider now directly owns 38,755 shares in the company, valued at $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 SEC, which is available at this link. Also, Director Andra Rush acquired 1,325 shares of Terex stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares of the company's stock, 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. 1.90% of the stock is owned by insiders.

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.