Victory Capital Management Inc. Has $32.07 Million Stock Holdings in Terex Corporation (NYSE:TEX)

Victory Capital Management Inc. lifted its stake in shares of Terex Corporation (NYSE:TEX - Free Report) by 14.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 848,839 shares of the industrial products company's stock after acquiring an additional 104,554 shares during the period. Victory Capital Management Inc. owned 1.28% of Terex worth $32,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. grew its position in Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 332 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Terex in the fourth quarter worth $29,000. Private Trust Co. NA lifted its position in Terex by 128.0% during the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock valued at $29,000 after buying an additional 434 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Terex by 56.9% during the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Terex by 88.1% during the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 424 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Wall Street Zen raised Terex from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Robert W. Baird raised Terex from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Evercore ISI increased their price target on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, UBS Group increased their price target on Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $51.44.

Terex Stock Down 2.0%

Shares of NYSE TEX traded down $0.99 during midday trading on Monday, reaching $48.37. 884,143 shares of the company's stock were exchanged, compared to its average volume of 914,462. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.07 and a current ratio of 2.11. The stock has a market capitalization of $3.21 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 5.16 and a beta of 1.58. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $68.08. The business's fifty day moving average price is $47.46 and its two-hundred day moving average price is $43.39.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.26. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. Terex had a return on equity of 18.79% and a net margin of 4.89%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 earnings per share. Analysts forecast that Terex Corporation will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, August 11th. Terex's dividend payout ratio is presently 18.53%.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,389 shares of the company'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 completion of the sale, the insider directly owned 38,755 shares in the company, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

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.