Terex Corporation (NYSE:TEX) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its stake in shares of Terex Corporation (NYSE:TEX - Free Report) by 79.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,585 shares of the industrial products company's stock after selling 6,282 shares during the period. HM Payson & Co.'s holdings in Terex were worth $60,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Terex by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company's stock valued at $8,609,000 after purchasing an additional 3,525 shares in the last quarter. Private Trust Co. NA raised its position in shares of Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 434 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Terex by 6.3% in the 1st quarter. Perigon Wealth Management LLC now owns 10,277 shares of the industrial products company's stock valued at $388,000 after purchasing an additional 607 shares in the last quarter. Moran Wealth Management LLC raised its position in shares of Terex by 11.0% in the 1st quarter. Moran Wealth Management LLC now owns 52,179 shares of the industrial products company's stock valued at $1,971,000 after purchasing an additional 5,180 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Terex by 111.5% in the 1st quarter. Blue Trust Inc. now owns 1,508 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 795 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joshua Gross sold 5,389 shares of the stock in a transaction 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 owned 38,755 shares of the company's stock, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of recent analyst reports. Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and upped their target price for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Morgan Stanley dropped their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Baird R W raised Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.40.

Terex Price Performance

Shares of NYSE TEX opened at $49.11 on Tuesday. Terex Corporation 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 1.40, a current ratio of 2.11 and a quick ratio of 1.07. The business's fifty day moving average price is $45.26 and its two-hundred day moving average price is $43.05. The firm has a market capitalization of $3.26 billion, a PE ratio of 13.38, a P/E/G ratio of 5.24 and a beta of 1.58.

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 for the quarter, topping the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 18.79% and a net margin of 4.89%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.60 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. On average, research analysts expect that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.17 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. Terex's payout ratio is 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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