American Century Companies Inc. Raises Position in Terex Co. (NYSE:TEX)

American Century Companies Inc. increased its holdings in shares of Terex Co. (NYSE:TEX) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,741,206 shares of the industrial products company’s stock after acquiring an additional 135,286 shares during the period. American Century Companies Inc.’s holdings in Terex were worth $80,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Semanteon Capital Management LP increased its stake in Terex by 41.9% in the 4th quarter. Semanteon Capital Management LP now owns 30,857 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 9,119 shares in the last quarter. Magnetar Financial LLC acquired a new position in Terex in the 4th quarter valued at about $690,000. Teacher Retirement System of Texas raised its position in shares of Terex by 70.9% in the fourth quarter. Teacher Retirement System of Texas now owns 26,544 shares of the industrial products company’s stock valued at $1,227,000 after buying an additional 11,014 shares during the last quarter. Xponance Inc. lifted its stake in shares of Terex by 5.3% during the 4th quarter. Xponance Inc. now owns 9,544 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 482 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in Terex by 24.6% during the fourth quarter. Advisors Asset Management Inc. now owns 71,078 shares of the industrial products company’s stock worth $3,285,000 after buying an additional 14,022 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Andra Rush acquired 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Terex Price Performance

Shares of NYSE:TEX opened at $40.94 on Tuesday. Terex Co. has a 12 month low of $36.15 and a 12 month high of $68.08. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 4.53 and a beta of 1.56. The stock’s 50 day moving average price is $44.01 and its 200 day moving average price is $48.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 business posted $1.88 earnings per share. Equities research analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.66%. Terex’s payout ratio is presently 13.71%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial cut their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Evercore ISI reduced their price target on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. The Goldman Sachs Group decreased their price target on shares of Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, Barclays decreased their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.22.

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.