Barnett & Company Inc. Acquires 300 Shares of Terex Co. (NYSE:TEX)

Barnett & Company Inc. boosted its holdings in Terex Co. (NYSE:TEX) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,300 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. Barnett & Company Inc.’s holdings in Terex were worth $337,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its position in shares of Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 222 shares during the period. Blue Trust Inc. increased its stake in Terex by 26.8% in the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 260 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Terex by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company’s stock valued at $3,838,000 after purchasing an additional 320 shares during the period. New York State Common Retirement Fund boosted its position in shares of Terex by 2.2% during the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock worth $1,023,000 after purchasing an additional 467 shares in the last quarter. Finally, Kendall Capital Management grew its stake in shares of Terex by 5.2% in the 4th quarter. Kendall Capital Management now owns 9,720 shares of the industrial products company’s stock valued at $449,000 after buying an additional 480 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on TEX shares. The Goldman Sachs Group dropped their price target on Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Barclays reduced 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 report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, Citigroup dropped their price objective 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Terex currently has an average rating of “Hold” and an average price target of $54.22.

Insider Activity

In other news, Director Andra Rush bought 1,325 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, with a total value 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. The trade was a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Terex Trading Up 0.1 %

Shares of TEX stock opened at $39.11 on Monday. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average of $44.09 and a 200-day moving average of $48.87. Terex Co. has a 12-month low of $36.15 and a 12-month high of $68.08. The firm has a market cap of $2.60 billion, a P/E ratio of 7.88, a PEG ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter last year, the firm earned $1.88 earnings per share. Sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, March 7th. Terex’s payout ratio is currently 13.71%.

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.