Terex Co. (NYSE:TEX) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in Terex Co. (NYSE:TEX) by 25.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,322,729 shares of the industrial products company’s stock after purchasing an additional 269,777 shares during the period. American Century Companies Inc. owned 1.98% of Terex worth $72,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its position in shares of Terex by 6.2% in the 4th quarter. Private Advisor Group LLC now owns 7,607 shares of the industrial products company’s stock worth $437,000 after acquiring an additional 441 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Terex by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 921,985 shares of the industrial products company’s stock worth $52,977,000 after purchasing an additional 42,364 shares during the period. Principal Securities Inc. acquired a new position in Terex in the fourth quarter worth $85,000. QRG Capital Management Inc. raised its holdings in shares of Terex by 4.6% during the fourth quarter. QRG Capital Management Inc. now owns 5,332 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 234 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Terex by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,675,548 shares of the industrial products company’s stock worth $153,742,000 after buying an additional 78,362 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Stock Performance

TEX stock opened at $51.42 on Friday. The company has a market capitalization of $3.44 billion, a P/E ratio of 6.81, a PEG ratio of 3.44 and a beta of 1.53. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $55.87 and a 200 day simple moving average of $57.93. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.10. Terex had a net margin of 9.55% and a return on equity of 27.89%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm posted $2.35 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. Sell-side analysts predict that Terex Co. will post 7.22 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 9th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, August 9th. Terex’s dividend payout ratio is presently 9.01%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TEX shares. Raymond James began coverage on shares of Terex in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Jefferies Financial Group cut their price target on Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. UBS Group upped their price objective on Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Robert W. Baird raised their target price on Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Truist Financial boosted their price target on shares of Terex from $68.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Terex presently has a consensus rating of “Hold” and a consensus target price of $63.30.

Insider Activity

In other news, Director Andra Rush bought 2,205 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $54.36 per share, with a total value of $119,863.80. Following the completion of the acquisition, the director now directly owns 21,983 shares in the company, valued at $1,194,995.88. The transaction 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.

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.