Tudor Investment Corp ET AL Invests $2.87 Million in Terex Co. (NYSE:TEX)

Tudor Investment Corp ET AL purchased a new stake in shares of Terex Co. (NYSE:TEX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 62,062 shares of the industrial products company's stock, valued at approximately $2,869,000. Tudor Investment Corp ET AL owned 0.09% of Terex as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of TEX. FMR LLC grew its stake in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company's stock valued at $405,917,000 after acquiring an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Terex by 94.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company's stock worth $99,404,000 after purchasing an additional 1,046,600 shares during the period. First Trust Advisors LP increased its stake in shares of Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after purchasing an additional 582,819 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Terex by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company's stock worth $87,385,000 after purchasing an additional 41,685 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Terex by 8.4% during the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company's stock valued at $80,479,000 after buying an additional 135,286 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TEX shares. Evercore ISI lowered their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley dropped their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group reduced their price objective 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. Citigroup dropped their target price on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays reduced their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Terex presently has an average rating of "Hold" and a consensus price target of $46.40.

Insider Transactions at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider now owns 38,755 shares of the company's stock, valued at $1,579,266.25. This trade represents a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andra Rush bought 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the transaction, 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 disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

Terex Price Performance

Shares of NYSE TEX traded down $0.89 during mid-day trading on Tuesday, hitting $39.61. 1,171,458 shares of the company's stock traded hands, compared to its average volume of 897,879. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex Co. has a 1 year low of $31.53 and a 1 year high of $68.08. The company's 50-day moving average is $37.44 and its two-hundred day moving average is $45.07. The company has a market capitalization of $2.62 billion, a P/E ratio of 7.98, a PEG ratio of 4.53 and a beta of 1.52.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) 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 the consensus estimate of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. On average, equities analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced 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 1.72%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio is currently 18.53%.

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.