Terex Co. (NYSE:TEX) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its position in shares of Terex Co. (NYSE:TEX - Free Report) by 34.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,168 shares of the industrial products company's stock after purchasing an additional 12,068 shares during the quarter. Aquatic Capital Management LLC owned 0.07% of Terex worth $2,180,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TEX. Jones Financial Companies Lllp purchased a new position in Terex during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its position in Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Terex during the third quarter valued at approximately $40,000. VisionPoint Advisory Group LLC purchased a new position in Terex during the fourth quarter valued at approximately $51,000. Finally, Blue Trust Inc. raised its position in Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 260 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

NYSE:TEX opened at $35.82 on Tuesday. The company's 50-day moving average price is $38.00 and its 200-day moving average price is $45.72. 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 company has a market cap of $2.37 billion, a P/E ratio of 7.22, a P/E/G ratio of 4.53 and a beta of 1.40. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the prior year, the company earned $1.88 EPS. On average, sell-side analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Andra Rush bought 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, with a total value 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on TEX shares. UBS Group cut Terex from a "neutral" rating to a "sell" rating and reduced their price target for the company from $49.00 to $32.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased 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. StockNews.com lowered shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Morgan Stanley dropped their target price on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.60.

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.

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