Terex Co. (NYSE:TEX) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Terex Co. (NYSE:TEX) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,564 shares of the industrial products company’s stock after selling 1,252 shares during the quarter. Yousif Capital Management LLC’s holdings in Terex were worth $1,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TEX. Greenwich Wealth Management LLC increased its position in shares of Terex by 0.3% during the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock worth $3,300,000 after acquiring an additional 181 shares during the last quarter. US Bancorp DE increased its position in shares of Terex by 4.0% during the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 227 shares during the last quarter. Lingohr Asset Management GmbH increased its holdings in Terex by 2.0% in the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock valued at $607,000 after buying an additional 230 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Terex by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company’s stock valued at $295,000 after buying an additional 233 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Terex by 26.8% in the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock valued at $57,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

Shares of NYSE TEX opened at $45.52 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. The stock has a 50 day simple moving average of $46.76 and a 200-day simple moving average of $51.41. The company has a market cap of $3.04 billion, a PE ratio of 9.18, a P/E/G 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.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm earned $1.88 earnings per share. On average, equities research analysts forecast that Terex Co. will post 5.03 EPS 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 given a dividend of $0.17 per share. The ex-dividend date is Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. Terex’s dividend payout ratio is presently 13.71%.

Analyst Upgrades and Downgrades

TEX has been the subject of several research analyst reports. Barclays lowered their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Citigroup lowered their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, Truist Financial lowered their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Terex currently has a consensus rating of “Hold” and a consensus target price of $56.11.

Insider Transactions at Terex

In other Terex news, CEO Simon Meester sold 9,877 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Sachs purchased 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $49.75 per share, with a total value of $995,000.00. Following the completion of the purchase, the director now owns 137,500 shares in the company, valued at $6,840,625. This represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

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.