Charles Schwab Investment Management Inc. Boosts Stake in Terex Co. (NYSE:TEX)

Charles Schwab Investment Management Inc. raised its holdings in shares of Terex Co. (NYSE:TEX) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 982,636 shares of the industrial products company’s stock after buying an additional 41,758 shares during the period. Charles Schwab Investment Management Inc. owned about 1.47% of Terex worth $45,417,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in shares of Terex during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC increased its stake in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Terex during the third quarter worth $40,000. Truvestments Capital LLC purchased a new stake in shares of Terex during the third quarter valued at $41,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Terex in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Transactions at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TEX. JPMorgan Chase & Co. decreased their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial reduced 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. Barclays lowered their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Citigroup reduced their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI decreased their target price on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.11.

Terex Stock Performance

Shares of NYSE:TEX opened at $40.37 on Friday. 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 company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The firm has a 50 day moving average of $44.65 and a 200 day moving average of $49.50. Terex Co. has a 52 week low of $36.15 and a 52 week high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 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 period last year, the business posted $1.88 earnings per share. On average, sell-side analysts predict that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio is currently 13.71%.

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.