Terex Co. (NYSE:TEX) Shares Sold by Vest Financial LLC

Vest Financial LLC lowered its position in Terex Co. (NYSE:TEX - Free Report) by 19.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Terex by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock worth $1,695,000 after acquiring an additional 237 shares during the last quarter. Blue Trust Inc. raised its position in Terex by 26.8% in the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 260 shares during the period. Barnett & Company Inc. raised its position in Terex by 4.3% in the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock valued at $337,000 after purchasing an additional 300 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in shares of Terex by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after purchasing an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Up 0.8%

Shares of NYSE TEX traded up $0.39 during mid-day trading on Wednesday, hitting $48.37. The company had a trading volume of 432,479 shares, compared to its average volume of 921,777. The company has a market capitalization of $3.21 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 4.53 and a beta of 1.60. The business's 50-day simple moving average is $40.46 and its 200 day simple moving average is $43.69. Terex Co. has a 1-year low of $31.53 and a 1-year high of $68.08. 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 quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion for 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%. Terex's revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 EPS. On average, analysts predict that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

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

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a research report on Tuesday, May 27th. Evercore ISI lifted their price target on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Morgan Stanley reduced their price target on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. Finally, Citigroup dropped their target price 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. Eight investment 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, the stock presently has an average rating of "Hold" and an average target price of $50.90.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 5,389 shares of the company's stock in a transaction dated Monday, May 5th. The stock was 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 approximately $1,579,266.25. This represents a 12.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by company 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.