LSV Asset Management Has $1.59 Million Holdings in Terex Co. (NYSE:TEX)

LSV Asset Management grew its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,400 shares of the industrial products company's stock after buying an additional 9,000 shares during the quarter. LSV Asset Management owned 0.05% of Terex worth $1,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its position in shares of Terex by 17.0% in the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the last quarter. Norges Bank acquired a new position in Terex in the fourth quarter worth about $35,001,000. American Century Companies Inc. increased its holdings in Terex by 8.4% in the fourth 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 last quarter. Regents Gate Capital LLP acquired a new stake in Terex during the fourth quarter valued at approximately $5,561,000. Finally, Clearbridge Investments LLC lifted its holdings in Terex by 20.9% during the 4th quarter. Clearbridge Investments LLC now owns 369,055 shares of the industrial products company's stock worth $17,058,000 after buying an additional 63,854 shares during the last quarter. Institutional investors own 92.88% of the company's stock.

Insider Buying and Selling

In other Terex news, Director Andra Rush bought 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of research analyst 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. JPMorgan Chase & Co. dropped their target price on Terex from $48.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Truist Financial reduced their price target on shares of Terex from $58.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Barclays decreased their target price on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $45.60.

Terex Price Performance

Shares of NYSE:TEX traded up $0.41 during trading on Friday, reaching $34.50. The company had a trading volume of 666,208 shares, compared to its average volume of 904,287. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The firm has a market capitalization of $2.29 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. The firm's fifty day moving average is $39.31 and its 200 day moving average is $46.48.

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 for the quarter, topping 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 in the prior year, the business earned $1.88 earnings per share. On average, equities analysts forecast that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid 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 1.97%. Terex's dividend payout ratio is currently 13.71%.

About Terex

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.