Terex Co. (NYSE:TEX) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its position in shares of Terex Co. (NYSE:TEX) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 120,437 shares of the industrial products company’s stock after selling 311 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Terex were worth $5,567,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TEX. Jones Financial Companies Lllp acquired a new position in shares of Terex during the fourth quarter worth $31,000. Smartleaf Asset Management LLC lifted its position in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Terex during the third quarter worth $40,000. Truvestments Capital LLC acquired a new position in shares of Terex during the third quarter worth $41,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Terex during the fourth quarter worth $51,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TEX. Barclays dropped their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Evercore ISI dropped their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial dropped their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Citigroup dropped their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.11.

Terex Stock Down 1.0 %

TEX stock opened at $39.17 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex Co. has a 1-year low of $36.15 and a 1-year high of $68.08. The firm has a fifty day moving average price of $44.86 and a two-hundred day moving average price of $49.69. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 4.53 and a beta of 1.56.

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

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.74%. Terex’s payout ratio is 13.71%.

Insider Transactions at Terex

In other news, Director Andra Rush purchased 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.