Terex Co. (NYSE:TEX) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lessened its holdings in shares of Terex Co. (NYSE:TEX) by 0.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,525 shares of the industrial products company’s stock after selling 1,399 shares during the quarter. Hancock Whitney Corp owned 0.35% of Terex worth $12,861,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TEX. Blue Trust Inc. raised its stake in shares of Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 187 shares during the period. FinTrust Capital Advisors LLC grew its stake in shares of Terex by 202.2% in the first quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $45,000 after buying an additional 465 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Terex during the 4th quarter valued at about $61,000. International Assets Investment Management LLC acquired a new position in Terex during the 2nd quarter worth approximately $109,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Terex in the second quarter valued at approximately $111,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TEX shares. JPMorgan Chase & Co. upped their target price on shares of Terex from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. 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. Raymond James initiated coverage on Terex in a report on Friday, June 28th. They issued a “market perform” rating for the company. Evercore ISI dropped their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, The Goldman Sachs Group decreased their price target on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Terex presently has a consensus rating of “Hold” and a consensus price target of $61.20.

Terex Stock Down 3.7 %

TEX stock opened at $51.83 on Friday. The firm has a fifty day moving average price of $55.96 and a two-hundred day moving average price of $57.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 1.07. Terex Co. has a 1-year low of $43.70 and a 1-year high of $68.08. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 3.61 and a beta of 1.53.

Terex (NYSE:TEX) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. Terex’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.35 earnings per share. Research analysts predict that Terex Co. will post 7.21 EPS for the current year.

Terex Dividend Announcement

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

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 2,205 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the transaction, the director now owns 21,983 shares of the company’s stock, valued at $1,194,995.88. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Terex 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.