UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Terex Co. (NYSE:TEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 193,613 shares of the industrial products company's stock after buying an additional 31,943 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Terex worth $8,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of 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 buying an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Terex by 94.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after purchasing an additional 1,046,600 shares in the last quarter. First Trust Advisors LP raised its stake in Terex by 43.2% in the 4th 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 raised its stake in 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 worth $87,385,000 after purchasing an additional 41,685 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in 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 worth $80,479,000 after purchasing an additional 135,286 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Insider Buying and Selling at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total value 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. This trade represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Terex Price Performance

Shares of Terex stock traded up $0.19 during midday trading on Wednesday, hitting $45.84. 566,566 shares of the company traded hands, compared to its average volume of 920,625. 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 Co. has a 12 month low of $31.53 and a 12 month high of $68.08. The firm's fifty day moving average price is $39.74 and its 200-day moving average price is $43.90. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 4.53 and a beta of 1.60.

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 (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the company posted $1.60 EPS. The company's revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio (DPR) is 18.53%.

Wall Street Analyst Weigh In

TEX has been the subject of several analyst reports. Barclays dropped their price objective on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Truist Financial lifted their price objective on shares of Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Evercore ISI lifted 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. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and boosted their target price for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th. Finally, Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Eight research 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. According to MarketBeat, Terex has an average rating of "Hold" and a consensus price target of $50.20.

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.