Terex Co. (NYSE:TEX) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its position in Terex Co. (NYSE:TEX) by 24.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,222 shares of the industrial products company’s stock after purchasing an additional 1,824 shares during the quarter. V Square Quantitative Management LLC’s holdings in Terex were worth $424,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Terex in the 3rd quarter valued at about $40,000. Truvestments Capital LLC purchased a new position in Terex in the third quarter valued at approximately $41,000. Blue Trust Inc. lifted its position in Terex by 89.3% during the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after buying an additional 457 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after buying an additional 504 shares during the period. Finally, Covestor Ltd increased its position in shares of Terex by 19.9% in the third quarter. Covestor Ltd now owns 2,237 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Trading Up 1.3 %

NYSE TEX opened at $45.52 on Friday. The company’s fifty day moving average price is $46.76 and its two-hundred day moving average price is $51.31. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. Terex Co. has a 12 month low of $43.23 and a 12 month 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 1.16.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping 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 period in the prior year, the business earned $1.88 earnings per share. As a group, research analysts predict that Terex Co. will post 5.03 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio is currently 13.71%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Truist Financial lowered their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup lowered their price objective 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. Finally, Robert W. Baird decreased their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. 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 stock. Based on data from MarketBeat.com, Terex presently has an average rating of “Hold” and an average target price of $56.11.

Insider Buying and Selling

In other Terex news, Director David A. Sachs acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $51.30 per share, with a total value of $513,000.00. Following the transaction, the director now directly owns 107,500 shares in the company, valued at approximately $5,514,750. This represents a 10.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. This represents 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 company insiders.

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.