Terex Co. (NYSE:TEX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Terex Co. (NYSE:TEX) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,741,206 shares of the industrial products company’s stock after purchasing an additional 135,286 shares during the period. American Century Companies Inc. owned 2.61% of Terex worth $80,479,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TEX. Semanteon Capital Management LP raised its position in shares of Terex by 41.9% during the 4th quarter. Semanteon Capital Management LP now owns 30,857 shares of the industrial products company’s stock valued at $1,426,000 after buying an additional 9,119 shares during the period. Magnetar Financial LLC acquired a new position in shares of Terex in the 4th quarter valued at $690,000. Teacher Retirement System of Texas grew its holdings in shares of Terex by 70.9% during the 4th quarter. Teacher Retirement System of Texas now owns 26,544 shares of the industrial products company’s stock worth $1,227,000 after purchasing an additional 11,014 shares during the period. Xponance Inc. increased its position in shares of Terex by 5.3% during the 4th quarter. Xponance Inc. now owns 9,544 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 482 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Terex by 24.6% during the 4th quarter. Advisors Asset Management Inc. now owns 71,078 shares of the industrial products company’s stock worth $3,285,000 after purchasing an additional 14,022 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Terex Price Performance

TEX stock opened at $40.94 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. Terex Co. has a fifty-two week low of $36.15 and a fifty-two week high of $68.08. The business has a 50 day moving average price of $44.01 and a 200 day moving average price of $48.81. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last announced 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 previous year, the firm earned $1.88 earnings per share. Equities research analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. Terex’s dividend payout ratio is presently 13.71%.

Analysts Set New Price Targets

TEX has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group reduced their target price on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Barclays lowered their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Truist Financial cut their price target on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Citigroup decreased their price objective on Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $54.22.

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.