Terex Co. (NYSE:TEX) Stock Holdings Decreased by Kestra Investment Management LLC

Kestra Investment Management LLC decreased its stake in shares of Terex Co. (NYSE:TEX) by 51.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,027 shares of the industrial products company’s stock after selling 3,250 shares during the period. Kestra Investment Management LLC’s holdings in Terex were worth $140,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in Terex during the 3rd quarter worth approximately $40,000. Truvestments Capital LLC acquired a new stake in shares of Terex during the 3rd quarter valued at approximately $41,000. Blue Trust Inc. lifted its stake in Terex by 89.3% during the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 457 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 504 shares during the period. Finally, Covestor Ltd boosted its holdings in Terex by 19.9% in the third quarter. Covestor Ltd now owns 2,237 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 372 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays cut their target price 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. Evercore ISI lowered their target price on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com cut Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Citigroup reduced their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.11.

Terex Trading Down 3.5 %

Shares of TEX stock opened at $45.57 on Friday. Terex Co. has a 1 year low of $43.23 and a 1 year high of $68.08. The firm has a market capitalization of $3.03 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 4.73 and a beta of 1.54. The stock has a fifty day moving average of $46.39 and a two-hundred day moving average of $51.02. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 earned $1.88 earnings per share. As a group, research analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed 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 1.49%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insider Activity at Terex

In related news, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now owns 127,858 shares of the company’s stock, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Sachs purchased 10,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the completion of the transaction, the director now owns 107,500 shares of the company’s stock, valued at $5,514,750. This represents a 10.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

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.