Terex Co. (NYSE:TEX) Stock Holdings Decreased by Easterly Investment Partners LLC

Easterly Investment Partners LLC lessened its stake in Terex Co. (NYSE:TEX) by 27.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,686 shares of the industrial products company’s stock after selling 8,804 shares during the period. Easterly Investment Partners LLC’s holdings in Terex were worth $1,095,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cascade Investment Advisors Inc. bought a new stake in Terex in the fourth quarter valued at about $1,070,000. Barclays PLC grew its position in shares of Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after acquiring an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Terex in the 3rd quarter valued at approximately $4,283,000. Citigroup Inc. raised its position in shares of Terex by 65.6% during the 3rd quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company’s stock valued at $3,727,000 after acquiring an additional 27,896 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in Terex by 331.8% in the third quarter. Cerity Partners LLC now owns 24,725 shares of the industrial products company’s stock worth $1,308,000 after purchasing an additional 18,999 shares during the period. Institutional investors own 92.88% of the company’s stock.

Terex Price Performance

Shares of TEX opened at $40.10 on Friday. Terex Co. has a one year low of $36.15 and a one year high of $68.08. The stock’s fifty day moving average is $43.62 and its 200-day moving average is $48.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56.

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

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio is currently 13.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TEX shares. The Goldman Sachs Group reduced their price target on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Evercore ISI cut their target price on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their target price on Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, March 17th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.22.

Insider Activity

In other Terex news, Director Andra Rush acquired 1,325 shares of Terex stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate 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.