Terex Co. (NYSE:TEX) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Terex Co. (NYSE:TEX - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 499,628 shares of the industrial products company's stock after buying an additional 26,724 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.75% of Terex worth $23,093,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TEX. Jones Financial Companies Lllp acquired a new stake in Terex during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC boosted its stake in shares of Terex by 46.1% during the 4th 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. VisionPoint Advisory Group LLC acquired a new stake in shares of Terex during the 4th quarter valued at about $51,000. Blue Trust Inc. increased its stake 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 valued at $57,000 after purchasing an additional 260 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Terex by 817.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,100 shares of the industrial products company's stock worth $97,000 after purchasing an additional 1,871 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Terex news, Director Andra Rush purchased 1,325 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This trade represents a 6.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joshua Gross sold 5,389 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the sale, the insider now directly owns 38,755 shares in the company, valued at $1,579,266.25. This represents a 12.21% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TEX. Truist Financial raised their price target on shares of Terex from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, May 5th. UBS Group upgraded Terex from a "sell" rating to a "neutral" rating and raised their target price for the company from $34.00 to $48.00 in a research report on Friday. StockNews.com cut Terex from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Citigroup reduced their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Terex presently has an average rating of "Hold" and a consensus price target of $49.40.

Terex Trading Up 0.4%

Terex stock traded up $0.18 during mid-day trading on Tuesday, hitting $48.51. The company's stock had a trading volume of 159,676 shares, compared to its average volume of 910,950. The stock's fifty day moving average is $38.30 and its two-hundred day moving average is $44.45. 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 capitalization of $3.21 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. 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 quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.60 EPS. The company's quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts anticipate that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.17 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. Terex's dividend payout ratio is currently 18.53%.

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.