Sei Investments Co. Trims Stake in Terex Co. (NYSE:TEX)

Sei Investments Co. lessened its holdings in shares of Terex Co. (NYSE:TEX) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,534 shares of the industrial products company’s stock after selling 4,950 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Terex worth $2,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new position in Terex during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC raised its stake in shares of 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 buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Terex during the 3rd quarter valued at about $40,000. VisionPoint Advisory Group LLC bought a new position in shares of Terex during the 4th quarter valued at approximately $51,000. Finally, Blue Trust Inc. increased its holdings in Terex by 26.8% in the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

TEX opened at $34.07 on Friday. Terex Co. has a twelve month low of $32.17 and a twelve month high of $68.08. The firm has a market capitalization of $2.26 billion, a PE ratio of 6.87, a PEG ratio of 4.53 and a beta of 1.40. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm’s 50-day moving average price is $42.32 and its 200 day moving average price is $48.06.

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 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 last year, the firm posted $1.88 EPS. As a group, sell-side analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 2.00%. Terex’s dividend payout ratio (DPR) is currently 13.71%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Barclays dropped their target price on shares of 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. decreased their price target on Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Evercore ISI decreased their target price on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. One 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.22.

Insider Buying and Selling at Terex

In related news, Director Andra Rush bought 1,325 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate 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.