Edgestream Partners L.P. Has $3.60 Million Position in Terex Co. (NYSE:TEX)

Edgestream Partners L.P. boosted its stake in shares of Terex Co. (NYSE:TEX) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,830 shares of the industrial products company’s stock after buying an additional 2,849 shares during the quarter. Edgestream Partners L.P. owned approximately 0.12% of Terex worth $3,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in Terex during the 4th quarter worth about $31,000. Smartleaf Asset Management LLC lifted its stake in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Terex in the 3rd quarter valued at about $40,000. Truvestments Capital LLC acquired a new position in shares of Terex in the 3rd quarter valued at about $41,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Terex in the 4th quarter valued at about $51,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David A. Sachs acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the purchase, the director now owns 107,500 shares in the company, valued at approximately $5,514,750. This trade represents a 10.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andra Rush acquired 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now owns 23,308 shares of the company’s stock, valued at $861,463.68. The trade was a 6.03 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 31,325 shares of company stock valued at $1,556,972 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Terex Stock Performance

Shares of TEX opened at $41.02 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The stock has a 50 day moving average price of $45.20 and a two-hundred day moving average price of $49.98. The firm has a market capitalization of $2.72 billion, a P/E ratio of 8.27, a P/E/G ratio of 4.53 and a beta of 1.56. Terex Co. has a 52 week low of $36.15 and a 52 week high of $68.08.

Terex (NYSE:TEX) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $1.88 earnings per share. Equities analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio is presently 13.71%.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI dropped 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. Barclays dropped their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Citigroup decreased their target price on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Terex has a consensus rating of “Hold” and an average target price of $56.11.

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.