International Assets Investment Management LLC Acquires 125,924 Shares of Terex Co. (NYSE:TEX)

International Assets Investment Management LLC boosted its position in Terex Co. (NYSE:TEX - Free Report) by 5,549.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,193 shares of the industrial products company's stock after purchasing an additional 125,924 shares during the quarter. International Assets Investment Management LLC owned about 0.19% of Terex worth $7,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new stake in shares of Terex during the 1st quarter worth about $61,361,000. Greenhaven Associates Inc. grew its holdings in shares of Terex by 101.5% during the 4th quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company's stock worth $83,702,000 after purchasing an additional 733,690 shares during the period. Norges Bank purchased a new stake in shares of Terex during the 4th quarter worth about $30,229,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Terex during the 3rd quarter worth about $36,672,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Terex by 110.8% during the 1st quarter. Renaissance Technologies LLC now owns 833,600 shares of the industrial products company's stock worth $29,726,000 after purchasing an additional 438,200 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Performance

TEX traded down $0.89 during trading on Monday, reaching $62.48. 915,739 shares of the company were exchanged, compared to its average volume of 703,923. The stock has a market cap of $4.20 billion, a P/E ratio of 8.23, a PEG ratio of 0.63 and a beta of 1.64. The firm has a 50 day moving average of $59.83 and a 200 day moving average of $55.91. The company has a current ratio of 2.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. Terex Co. has a 52 week low of $42.50 and a 52 week high of $65.89.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. Terex had a return on equity of 32.89% and a net margin of 10.06%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year. On average, sell-side analysts forecast that Terex Co. will post 6.95 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.09%. Terex's dividend payout ratio is currently 8.96%.

Insider Activity at Terex

In related news, insider Kieran Hegarty sold 18,000 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the transaction, the insider now owns 198,619 shares of the company's stock, valued at $11,281,559.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Kieran Hegarty sold 18,000 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the completion of the sale, the insider now directly owns 198,619 shares of the company's stock, valued at $11,281,559.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John L. Garrison, Jr. sold 59,094 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total value of $3,549,776.58. Following the sale, the chief executive officer now directly owns 380,834 shares of the company's stock, valued at $22,876,698.38. The disclosure for this sale can be found here. Insiders sold 132,039 shares of company stock valued at $8,078,574 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TEX has been the topic of several recent research reports. Evercore ISI reduced their price target on Terex from $65.00 to $63.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 20th. Citigroup boosted their price target on Terex from $54.00 to $63.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. JPMorgan Chase & Co. lowered Terex from an "overweight" rating to a "neutral" rating and set a $63.00 price target on the stock. in a research report on Monday, March 18th. Truist Financial initiated coverage on Terex in a research report on Thursday, March 14th. They set a "buy" rating and a $73.00 price target on the stock. Finally, UBS Group lowered Terex from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $61.00 to $62.00 in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.08.

Terex Company 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.