Fuller & Thaler Asset Management Inc. Boosts Stock Position in Terex Co. (NYSE:TEX)

Fuller & Thaler Asset Management Inc. boosted its position in Terex Co. (NYSE:TEX - Free Report) by 94.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,150,673 shares of the industrial products company's stock after purchasing an additional 1,046,600 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 3.22% of Terex worth $99,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TEX. 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 acquiring an additional 1,272,920 shares during the last quarter. Norges Bank purchased a new position in Terex in the 4th quarter worth about $35,001,000. First Trust Advisors LP lifted its holdings in Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock valued at $89,247,000 after buying an additional 582,819 shares in the last quarter. American Century Companies Inc. boosted its position 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 valued at $80,479,000 after buying an additional 135,286 shares during the period. Finally, Regents Gate Capital LLP bought a new position in Terex in the 4th quarter worth about $5,561,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Down 1.5 %

Shares of TEX traded down $0.54 during mid-day trading on Monday, hitting $35.42. 110,719 shares of the company traded hands, compared to its average volume of 888,809. The business has a 50 day moving average of $38.23 and a 200 day moving average of $45.85. The company has a market capitalization of $2.35 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. 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 posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS 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 in the prior year, the company earned $1.88 earnings per share. Equities research analysts anticipate that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently announced 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio (DPR) is 13.71%.

Insider Activity at Terex

In related news, Director Andra Rush acquired 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TEX has been the subject of a number of research reports. Evercore ISI lowered their price target on Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Morgan Stanley lowered their target price on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group lowered Terex from a "neutral" rating to a "sell" rating and cut their price target for the company from $49.00 to $32.00 in a research note on Monday, April 7th. Barclays lowered 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. Finally, The Goldman Sachs Group cut their target price on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $45.60.

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.