Terex Co. (NYSE:TEX) Shares Bought by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its holdings in shares of Terex Co. (NYSE:TEX) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,153 shares of the industrial products company’s stock after purchasing an additional 8,908 shares during the quarter. Clearbridge Investments LLC owned about 0.52% of Terex worth $22,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TEX. Blue Trust Inc. boosted its stake in Terex by 179.0% in the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after buying an additional 299 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Terex in the fourth quarter valued at approximately $29,000. FinTrust Capital Advisors LLC increased its position in Terex by 202.2% during the first quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 465 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new position in Terex during the fourth quarter worth approximately $61,000. Finally, Principal Securities Inc. acquired a new position in shares of Terex in the 4th quarter valued at $85,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Down 4.2 %

TEX traded down $2.74 during trading hours on Wednesday, reaching $63.08. 1,371,403 shares of the stock traded hands, compared to its average volume of 811,123. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $66.85. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 8.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. The firm’s fifty day simple moving average is $56.77 and its two-hundred day simple moving average is $58.66.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.23. Terex had a return on equity of 30.53% and a net margin of 9.87%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, analysts forecast that Terex Co. will post 7.08 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.08%. Terex’s dividend payout ratio is presently 9.01%.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 12,500 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $60.48, for a total value of $756,000.00. Following the sale, the vice president now owns 58,224 shares in the company, valued at approximately $3,521,387.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Scott Posner sold 12,500 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $60.48, for a total value of $756,000.00. Following the completion of the sale, the vice president now directly owns 58,224 shares of the company’s stock, valued at $3,521,387.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Stephen Johnston sold 3,239 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $62.00, for a total value of $200,818.00. Following the sale, the chief accounting officer now owns 14,606 shares in the company, valued at approximately $905,572. The disclosure for this sale can be found here. Insiders have sold 32,929 shares of company stock worth $1,958,307 in the last ninety days. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TEX. JPMorgan Chase & Co. upped their price objective on Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group lifted their price objective on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Robert W. Baird increased their target price on shares of Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup began coverage on shares of Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, Raymond James initiated coverage on shares of Terex in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Terex has a consensus rating of “Hold” and a consensus price target of $64.33.

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.