Terex Co. (NYSE:TEX) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 893,614 shares of the industrial products company's stock after buying an additional 85,094 shares during the quarter. Northern Trust Corp owned about 1.34% of Terex worth $41,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of Terex by 40.2% during the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock worth $6,838,000 after acquiring an additional 37,072 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Terex during the third quarter valued at approximately $40,000. Franklin Resources Inc. boosted its stake in Terex by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 81,450 shares of the industrial products company's stock valued at $4,512,000 after purchasing an additional 795 shares during the last quarter. Nordea Investment Management AB increased its holdings in Terex by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 107,029 shares of the industrial products company's stock worth $4,888,000 after buying an additional 3,608 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Terex by 1.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,839 shares of the industrial products company's stock valued at $1,564,000 after purchasing an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Performance

Shares of Terex stock traded up $0.50 during midday trading on Friday, hitting $41.23. The company had a trading volume of 489,793 shares, compared to its average volume of 901,485. 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 12-month low of $31.53 and a 12-month high of $68.08. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 4.53 and a beta of 1.52. The company has a fifty day simple moving average of $37.49 and a 200 day simple moving average of $44.70.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 earnings per share. As a group, analysts predict that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TEX has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Terex from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Morgan Stanley dropped their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Truist Financial upped their price target on Terex from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Citigroup cut their price objective on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Terex from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Terex presently has an average rating of "Hold" and an average target price of $46.40.

Insider Buying and Selling at Terex

In other news, insider Joshua Gross sold 5,389 shares of the stock in a transaction dated Monday, May 5th. The shares were 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 of the company's stock, valued at $1,579,266.25. This represents a 12.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andra Rush acquired 1,325 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

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.