Leuthold Group LLC Sells 1,489 Shares of Terex Co. (NYSE:TEX)

Leuthold Group LLC decreased its holdings in shares of Terex Co. (NYSE:TEX) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,389 shares of the industrial products company’s stock after selling 1,489 shares during the period. Leuthold Group LLC owned 0.06% of Terex worth $1,867,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TEX. Drum Hill Capital LLC bought a new position in Terex during the 4th quarter valued at approximately $2,210,000. VisionPoint Advisory Group LLC bought a new stake in Terex in the fourth quarter worth $51,000. Waterfront Wealth Inc. grew its stake in shares of Terex by 40.3% in the fourth quarter. Waterfront Wealth Inc. now owns 40,510 shares of the industrial products company’s stock worth $1,872,000 after acquiring an additional 11,644 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Terex by 25.5% during the fourth quarter. Handelsbanken Fonder AB now owns 16,753 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 3,400 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Terex by 2.2% in the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock worth $1,023,000 after purchasing an additional 467 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Price Performance

NYSE TEX opened at $43.21 on Friday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 4.53 and a beta of 1.54. Terex Co. has a 1-year low of $43.01 and a 1-year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The business’s fifty day moving average price is $46.26 and its 200-day moving average price is $50.95.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the previous year, the firm earned $1.88 earnings per share. On average, equities analysts predict that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insider Buying and Selling

In other Terex news, Director David A. Sachs purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the purchase, the director now directly owns 107,500 shares of the company’s stock, valued at $5,514,750. The trade was a 10.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on TEX shares. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Citigroup reduced their price target on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird lowered their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays reduced their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.11.

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.