Empirical Finance LLC Boosts Position in Terex Co. (NYSE:TEX)

Empirical Finance LLC boosted its stake in shares of Terex Co. (NYSE:TEX) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,831 shares of the industrial products company’s stock after buying an additional 2,434 shares during the quarter. Empirical Finance LLC’s holdings in Terex were worth $963,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TEX. Greenwich Wealth Management LLC raised its stake in shares of Terex by 0.3% during the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock valued at $3,300,000 after acquiring an additional 181 shares in the last quarter. US Bancorp DE increased its holdings in Terex by 4.0% during the 3rd quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 227 shares during the period. Lingohr Asset Management GmbH raised its position in Terex by 2.0% during the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 230 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Terex by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company’s stock worth $295,000 after buying an additional 233 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock worth $57,000 after buying an additional 260 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of TEX stock opened at $44.49 on Tuesday. Terex Co. has a 12-month low of $43.23 and a 12-month high of $68.08. The business’s fifty day simple moving average is $47.48 and its 200-day simple moving average is $51.80. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.41. The company has a market cap of $2.97 billion, a PE ratio of 8.97, a PEG ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX) last announced its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted $1.88 EPS. Analysts expect that Terex Co. will post 5.03 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Insiders Place Their Bets

In related news, Director David A. Sachs acquired 20,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the completion of the purchase, the director now owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. This represents a 17.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TEX shares. Citigroup decreased their price objective on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com downgraded shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday. Barclays reduced their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Robert W. Baird dropped their target price on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.11.

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.