Los Angeles Capital Management LLC Sells 3,546 Shares of Terex Co. (NYSE:TEX)

Los Angeles Capital Management LLC reduced its position in Terex Co. (NYSE:TEX) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,228 shares of the industrial products company’s stock after selling 3,546 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Terex were worth $3,173,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Curated Wealth Partners LLC lifted its stake in Terex by 48.1% in the fourth quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock valued at $10,166,000 after buying an additional 57,500 shares during the period. QRG Capital Management Inc. acquired a new stake in Terex in the third quarter worth $294,000. International Assets Investment Management LLC raised its holdings in shares of Terex by 5,549.8% during the fourth quarter. International Assets Investment Management LLC now owns 128,193 shares of the industrial products company’s stock valued at $7,366,000 after purchasing an additional 125,924 shares during the period. Trexquant Investment LP boosted its position in shares of Terex by 49.2% during the 3rd quarter. Trexquant Investment LP now owns 64,448 shares of the industrial products company’s stock worth $3,713,000 after purchasing an additional 21,257 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Terex in the 3rd quarter valued at about $302,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore ISI cut their price target on Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Truist Financial assumed coverage on shares of Terex in a research report on Thursday, March 14th. They set a “buy” rating and a $73.00 target price for the company. UBS Group cut shares of Terex from a “buy” rating to a “neutral” rating and raised their price target for the company from $61.00 to $62.00 in a research report on Tuesday, February 13th. Bank of America reissued an “underperform” rating and set a $57.00 price objective on shares of Terex in a report on Friday, January 19th. Finally, The Goldman Sachs Group raised their target price on Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.17.

Insider Transactions at Terex

In other news, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now owns 315,483 shares in the company, valued at $20,279,247.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the sale, the chief executive officer now directly owns 315,483 shares in the company, valued at approximately $20,279,247.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joshua Gross sold 4,945 shares of Terex stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the transaction, the insider now directly owns 21,457 shares of the company’s stock, valued at approximately $1,268,752.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,039 shares of company stock worth $8,078,574. 1.90% of the stock is owned by company insiders.

Terex Trading Up 1.5 %

Shares of Terex stock opened at $58.35 on Monday. The firm has a market cap of $3.93 billion, a PE ratio of 7.73 and a beta of 1.66. Terex Co. has a 1 year low of $43.70 and a 1 year high of $65.89. 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 stock has a fifty day moving average price of $60.34 and a 200-day moving average price of $56.44.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. Terex had a net margin of 9.87% and a return on equity of 30.53%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts anticipate that Terex Co. will post 7.1 EPS for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. Terex’s dividend payout ratio is presently 9.01%.

About Terex

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.