Hancock Whitney Corp Sells 44,198 Shares of Terex Co. (NYSE:TEX)

Hancock Whitney Corp lowered its position in Terex Co. (NYSE:TEX - Free Report) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,322 shares of the industrial products company's stock after selling 44,198 shares during the quarter. Hancock Whitney Corp owned about 0.28% of Terex worth $8,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Terex in the 4th quarter worth $31,000. Smartleaf Asset Management LLC raised its position in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Terex in the 3rd quarter valued at about $40,000. VisionPoint Advisory Group LLC bought a new position in shares of Terex during the 4th quarter valued at about $51,000. Finally, Blue Trust Inc. raised its holdings in shares of Terex by 26.8% in the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Insider Transactions at Terex

In other news, Director Andra Rush bought 1,325 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, April 14th. UBS Group cut Terex from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $49.00 to $32.00 in a report on Monday, April 7th. Citigroup cut their target price on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Evercore ISI cut their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $45.60.

Terex Stock Down 0.0 %

TEX traded down $0.01 during midday trading on Tuesday, hitting $35.78. 297,494 shares of the company's stock traded hands, compared to its average volume of 992,940. The company has a market cap of $2.37 billion, a PE ratio of 7.21, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The stock's fifty day simple moving average is $38.00 and its 200-day simple moving average is $45.72. Terex Co. has a one year low of $31.53 and a one year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period last year, the company posted $1.88 EPS. As a group, equities analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were given a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.90%. Terex's dividend payout ratio is 13.71%.

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.