13,200 Shares in Terex Co. (NYSE:TEX) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Terex Co. (NYSE:TEX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,200 shares of the industrial products company’s stock, valued at approximately $610,000.

A number of other institutional investors have also recently made changes to their positions in TEX. Fisher Asset Management LLC raised its holdings in Terex by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company’s stock valued at $87,385,000 after buying an additional 41,685 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Terex by 8.4% during the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company’s stock valued at $80,479,000 after acquiring an additional 135,286 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Terex by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,596,070 shares of the industrial products company’s stock valued at $84,463,000 after acquiring an additional 8,624 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Terex by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company’s stock worth $45,417,000 after purchasing an additional 41,758 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Terex by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 725,486 shares of the industrial products company’s stock valued at $33,532,000 after purchasing an additional 52,885 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now owns 23,308 shares of the company’s stock, valued at $861,463.68. The trade was a 6.03 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Terex Price Performance

Shares of NYSE TEX opened at $40.11 on Thursday. The company has a 50 day simple moving average of $42.88 and a two-hundred day simple moving average of $48.27. Terex Co. has a fifty-two week low of $36.15 and a fifty-two week high of $68.08. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $1.88 earnings per share. Analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio (DPR) is 13.71%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Evercore ISI cut their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Truist Financial decreased their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Citigroup cut their target price on shares of Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Barclays decreased their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.22.

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.