D. E. Shaw & Co. Inc. lowered its holdings in Terex Co. (NYSE:TEX) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,939 shares of the industrial products company’s stock after selling 2,878 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Terex were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TEX. Oregon Public Employees Retirement Fund lifted its holdings in Terex by 2,657.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 785,745 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 757,245 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Terex in the fourth quarter worth about $40,000. NumerixS Investment Technologies Inc bought a new position in Terex in the fourth quarter worth about $49,000. Financial Architects Inc bought a new position in Terex in the fourth quarter worth about $69,000. Finally, Point72 Hong Kong Ltd bought a new position in Terex in the third quarter worth about $140,000. 95.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director International Master F. Marcato sold 1,100,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $31.54, for a total transaction of $34,694,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steve Filipov sold 10,048 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $35.64, for a total value of $358,110.72. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,619 shares of company stock worth $53,232. 3.50% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Co lifted their price target on Terex from $32.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, February 26th. Credit Suisse Group lifted their price target on Terex from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Tuesday, February 26th. Zacks Investment Research raised Terex from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a report on Monday, January 7th. Bank of America set a $33.00 price target on Terex and gave the company a “sell” rating in a report on Thursday, February 28th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Terex in a report on Tuesday, February 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.42.

TEX opened at $32.81 on Tuesday. The company has a market cap of $2.36 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61. The company has a current ratio of 1.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.41. Terex Co. has a twelve month low of $25.47 and a twelve month high of $45.47.

Terex (NYSE:TEX) last released its quarterly earnings results on Sunday, February 24th. The industrial products company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. Terex had a return on equity of 21.60% and a net margin of 2.22%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that Terex Co. will post 3.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a dividend of $0.11 per share. This is a boost from Terex’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.44 annualized dividend and a yield of 1.34%. Terex’s payout ratio is presently 16.24%.

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About Terex

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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