US Bancorp DE Trims Stock Holdings in Terex Co. (NYSE:TEX)

US Bancorp DE reduced its stake in Terex Co. (NYSE:TEX) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,462 shares of the industrial products company’s stock after selling 375 shares during the quarter. US Bancorp DE’s holdings in Terex were worth $252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lingohr Asset Management GmbH increased its stake 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 purchasing an additional 230 shares during the last quarter. Blue Trust Inc. increased its stake 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 purchasing an additional 260 shares during the last quarter. New York State Teachers Retirement System increased its stake in Terex by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company’s stock valued at $3,838,000 after purchasing an additional 320 shares during the last quarter. New York State Common Retirement Fund increased its stake in Terex by 2.2% in the fourth quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock valued at $1,023,000 after purchasing an additional 467 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Terex by 1.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,839 shares of the industrial products company’s stock valued at $1,564,000 after purchasing an additional 529 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Truist Financial dropped 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. Citigroup dropped their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Barclays dropped their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.11.

Terex Stock Up 3.1 %

TEX stock opened at $40.37 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. Terex Co. has a 1-year low of $36.15 and a 1-year high of $68.08. The firm has a fifty day moving average price of $44.65 and a two-hundred day moving average price of $49.50. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share 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 last year, the business earned $1.88 earnings per share. Research 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 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 of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.68%. Terex’s dividend payout ratio is currently 13.71%.

Insider Transactions at Terex

In other news, Director Andra Rush purchased 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Terex Company 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.