Wells Fargo & Company MN Decreases Holdings in Terex Co. (NYSE:TEX)

Wells Fargo & Company MN decreased its holdings in shares of Terex Co. (NYSE:TEX - Free Report) by 64.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,089 shares of the industrial products company's stock after selling 174,028 shares during the quarter. Wells Fargo & Company MN owned about 0.14% of Terex worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TEX. Smartleaf Asset Management LLC grew its holdings in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after purchasing an additional 222 shares in the last quarter. Blue Trust Inc. increased its holdings 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 worth $57,000 after buying an additional 260 shares during the last quarter. Barnett & Company Inc. grew its position in Terex by 4.3% in the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company's stock worth $337,000 after acquiring an additional 300 shares in the last quarter. New York State Teachers Retirement System increased its stake in Terex by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company's stock valued at $3,838,000 after acquiring an additional 320 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Terex by 2.2% during the fourth quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company's stock valued at $1,023,000 after purchasing an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Down 1.1 %

TEX traded down $0.40 on Friday, hitting $35.93. The company had a trading volume of 533,310 shares, compared to its average volume of 896,924. Terex Co. has a 52-week low of $31.53 and a 52-week high of $68.08. The stock has a fifty day simple moving average of $38.23 and a 200-day simple moving average of $45.96. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The firm has a market capitalization of $2.38 billion, a P/E ratio of 7.24, a P/E/G ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last issued 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 return on equity of 21.99% and a net margin of 6.54%. During the same period in the previous year, the business earned $1.88 EPS. As a group, equities analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid a $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.89%. Terex's payout ratio is currently 13.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TEX shares. The Goldman Sachs Group reduced their price target on shares of Terex from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. UBS Group downgraded shares of Terex from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $49.00 to $32.00 in a research note on Monday, April 7th. Evercore ISI reduced their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Truist Financial lowered their target price on Terex from $58.00 to $47.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Terex presently has a consensus rating of "Hold" and an average target price of $45.60.

Insider Activity at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.