BI Asset Management Fondsmaeglerselskab A S Has $769,000 Stock Position in Terex Co. (NYSE:TEX)

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Terex Co. (NYSE:TEX - Free Report) by 60.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,648 shares of the industrial products company's stock after selling 25,655 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Terex were worth $769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cascade Investment Advisors Inc. acquired a new position in Terex during the fourth quarter worth $1,070,000. Norges Bank acquired a new position in shares of Terex during the 4th quarter valued at about $35,001,000. KLP Kapitalforvaltning AS acquired a new position in shares of Terex during the 4th quarter valued at about $610,000. Barclays PLC raised its stake in shares of Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company's stock valued at $6,838,000 after acquiring an additional 37,072 shares in the last quarter. Finally, J2 Capital Management Inc acquired a new stake in Terex in the 4th quarter worth approximately $353,000. Institutional investors own 92.88% of the company's stock.

Insider Transactions at Terex

In related news, Director Andra Rush bought 1,325 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the acquisition, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This represents a 6.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TEX shares. Barclays dropped their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Morgan Stanley decreased their price target 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. The Goldman Sachs Group dropped their price objective on Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. decreased their target price on Terex from $48.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $45.60.

Terex Stock Performance

TEX stock traded down $0.20 during trading on Tuesday, reaching $35.59. 181,480 shares of the stock were exchanged, compared to its average volume of 887,346. The stock has a 50 day simple moving average of $38.00 and a 200-day simple moving average of $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 capitalization of $2.36 billion, a P/E ratio of 7.18, a price-to-earnings-growth 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 released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $1.88 EPS. As a group, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio is 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.