Terex Co. (NYSE:TEX) Stock Position Trimmed by Vest Financial LLC

Vest Financial LLC cut its position in Terex Co. (NYSE:TEX - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,335 shares of the industrial products company's stock after selling 10,627 shares during the quarter. Vest Financial LLC owned about 0.07% of Terex worth $1,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEX. Blue Trust Inc. raised its position in shares of Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after buying an additional 260 shares in the last quarter. Empowered Funds LLC grew its position in Terex by 13.3% during the fourth quarter. Empowered Funds LLC now owns 199,594 shares of the industrial products company's stock valued at $9,225,000 after purchasing an additional 23,429 shares in the last quarter. Empirical Finance LLC grew its position in Terex by 13.2% during the fourth quarter. Empirical Finance LLC now owns 20,831 shares of the industrial products company's stock valued at $963,000 after purchasing an additional 2,434 shares in the last quarter. Regents Gate Capital LLP purchased a new position in Terex during the fourth quarter valued at approximately $5,561,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Terex by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,991 shares of the industrial products company's stock valued at $2,246,000 after acquiring an additional 622 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TEX. Evercore ISI lifted their target price on shares of Terex from $59.00 to $62.00 and gave the company 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 boosted their price target for the company from $45.00 to $60.00 in a report on Tuesday, May 27th. Citigroup lowered their price target on shares of Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. UBS Group raised shares of Terex from a "sell" rating to a "neutral" rating and upped their target price for the stock from $34.00 to $48.00 in a report on Friday, May 16th. Finally, Morgan Stanley lowered their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $50.20.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 5,389 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 38,755 shares of the company's stock, valued at $1,579,266.25. This trade represents a 12.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

Terex Stock Performance

Terex stock opened at $46.46 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a 1 year low of $31.53 and a 1 year high of $68.08. The company has a market cap of $3.08 billion, a PE ratio of 9.37, a PEG ratio of 4.53 and a beta of 1.60. The company's 50-day moving average is $40.07 and its two-hundred day moving average is $43.76.

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

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.46%. Terex's dividend payout ratio (DPR) is currently 18.53%.

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.

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