Terex Co. (NYSE:TEX) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its stake in shares of Terex Co. (NYSE:TEX) by 20.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,151 shares of the industrial products company’s stock after selling 293 shares during the period. Signaturefd LLC’s holdings in Terex were worth $53,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in Terex during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Terex during the 3rd quarter worth about $40,000. Truvestments Capital LLC acquired a new stake in shares of Terex during the third quarter worth approximately $41,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Terex during the 4th quarter valued at $51,000. Institutional investors own 92.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TEX. Citigroup reduced their target price on shares of Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Truist Financial lowered their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group reduced their price target on Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Evercore ISI lowered their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.22.

Terex Stock Up 4.7 %

Shares of TEX stock opened at $40.94 on Tuesday. Terex Co. has a 12 month low of $36.15 and a 12 month high of $68.08. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm has a market cap of $2.72 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The stock has a 50 day moving average of $44.01 and a 200-day moving average of $48.81.

Terex (NYSE:TEX) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS 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 in the previous year, the company posted $1.88 earnings per share. On average, equities analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.66%. Terex’s dividend payout ratio is 13.71%.

Insider Buying and Selling at Terex

In other news, Director Andra Rush acquired 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost 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 in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.