Dimensional Fund Advisors LP Has $154.22 Million Stock Holdings in Terex Co. (NYSE:TEX)

Dimensional Fund Advisors LP grew its holdings in shares of Terex Co. (NYSE:TEX) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,812,383 shares of the industrial products company’s stock after buying an additional 109,885 shares during the quarter. Dimensional Fund Advisors LP owned 4.20% of Terex worth $154,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its stake in Terex by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 351,153 shares of the industrial products company’s stock valued at $22,614,000 after purchasing an additional 8,908 shares during the last quarter. TCW Group Inc. purchased a new position in Terex during the 2nd quarter worth $566,000. Russell Investments Group Ltd. grew its stake in shares of Terex by 11.5% in the 1st quarter. Russell Investments Group Ltd. now owns 316,692 shares of the industrial products company’s stock worth $20,395,000 after acquiring an additional 32,630 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Terex by 26.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company’s stock valued at $6,809,000 after purchasing an additional 22,291 shares during the last quarter. Finally, Connectus Wealth LLC bought a new position in shares of Terex during the fourth quarter valued at about $1,872,000. 92.88% of the stock is owned by institutional investors.

Terex Trading Down 3.7 %

Shares of TEX opened at $51.83 on Friday. The firm has a market cap of $3.47 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 3.61 and a beta of 1.53. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $68.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21. The business has a 50-day moving average of $56.01 and a 200 day moving average of $57.86.

Terex (NYSE:TEX) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.10. Terex had a net margin of 9.55% and a return on equity of 27.89%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company posted $2.35 EPS. Terex’s revenue was down 1.5% compared to the same quarter last year. As a group, research analysts forecast that Terex Co. will post 7.21 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 9th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, August 9th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Insider Buying and Selling

In related news, Director Andra Rush bought 2,205 shares of Terex stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $54.36 per share, with a total value of $119,863.80. Following the acquisition, the director now directly owns 21,983 shares of the company’s stock, valued at $1,194,995.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on TEX shares. Citigroup started coverage on shares of Terex in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 price objective for the company. Jefferies Financial Group reduced their target price on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Raymond James initiated coverage on Terex in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. The Goldman Sachs Group reduced their price objective on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. 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 data from MarketBeat.com, Terex currently has a consensus rating of “Hold” and an average price target of $61.20.

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.