Barnett & Company Inc. Increases Stock Holdings in Terex Co. (NYSE:TEX)

Barnett & Company Inc. raised its stake in Terex Co. (NYSE:TEX) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,300 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. Barnett & Company Inc.’s holdings in Terex were worth $337,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TEX. Congress Wealth Management LLC DE purchased a new stake in shares of Terex during the fourth quarter valued at approximately $232,000. KLP Kapitalforvaltning AS bought a new stake in Terex in the fourth quarter valued at about $610,000. AXQ Capital LP acquired a new position in Terex in the fourth quarter worth $277,000. American Century Companies Inc. grew its position 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 during the last quarter. Finally, Semanteon Capital Management LP grew its stake in Terex by 41.9% during the 4th quarter. Semanteon Capital Management LP now owns 30,857 shares of the industrial products company’s stock worth $1,426,000 after buying an additional 9,119 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

TEX has been the subject of a number of research reports. Truist Financial decreased their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Citigroup decreased their price target on shares of Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, March 17th. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Finally, Barclays reduced their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $54.22.

Terex Stock Up 0.1 %

Shares of NYSE TEX opened at $39.11 on Monday. 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 market capitalization of $2.60 billion, a P/E ratio of 7.88, a PEG ratio of 4.53 and a beta of 1.56. The stock’s fifty day moving average is $44.09 and its 200 day moving average is $48.87. Terex Co. has a 52 week low of $36.15 and a 52 week high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $1.88 EPS. Sell-side analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio (DPR) is currently 13.71%.

Insider Activity

In related news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Terex 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.