First Trust Advisors LP Raises Stock Holdings in Terex Co. (NYSE:TEX)

First Trust Advisors LP increased its position in shares of Terex Co. (NYSE:TEX - Free Report) by 43.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,930,923 shares of the industrial products company's stock after buying an additional 582,819 shares during the quarter. First Trust Advisors LP owned about 2.89% of Terex worth $89,247,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Terex by 17.0% in the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after acquiring an additional 1,272,920 shares during the period. Norges Bank acquired a new stake in Terex during the 4th quarter worth $35,001,000. American Century Companies Inc. grew its position in Terex by 8.4% during 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 during the last quarter. Regents Gate Capital LLP acquired a new position in Terex in the fourth quarter valued at $5,561,000. Finally, Clearbridge Investments LLC raised its holdings in shares of Terex by 20.9% in the fourth quarter. Clearbridge Investments LLC now owns 369,055 shares of the industrial products company's stock valued at $17,058,000 after buying an additional 63,854 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Price Performance

Shares of NYSE:TEX traded down $0.40 on Friday, reaching $35.93. 533,310 shares of the company were exchanged, compared to its average volume of 896,924. The company has a 50-day moving average of $38.23 and a 200-day moving average of $45.96. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. Terex Co. has a 1-year low of $31.53 and a 1-year high of $68.08.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter last year, the company earned $1.88 EPS. Equities analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.89%. Terex's dividend payout ratio is presently 13.71%.

Insiders Place Their Bets

In other Terex news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TEX. The Goldman Sachs Group lowered their price target on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Evercore ISI lowered their target price on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Truist Financial decreased their price target on Terex from $58.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. StockNews.com cut shares of Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Finally, Morgan Stanley reduced their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $45.60.

Terex Company 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.