Capital Fund Management S.A. Boosts Stock Holdings in Terex Co. (NYSE:TEX)

Capital Fund Management S.A. lifted its stake in Terex Co. (NYSE:TEX) by 28.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,788 shares of the industrial products company’s stock after purchasing an additional 14,209 shares during the period. Capital Fund Management S.A. owned about 0.10% of Terex worth $2,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEX. Cascade Investment Advisors Inc. purchased a new position in shares of Terex in the 4th quarter valued at about $1,070,000. Norges Bank purchased a new position in Terex in the fourth quarter worth approximately $35,001,000. KLP Kapitalforvaltning AS acquired a new position in Terex during the 4th quarter worth approximately $610,000. Barclays PLC grew its holdings in Terex by 40.2% during 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. Finally, J2 Capital Management Inc purchased a new stake in shares of Terex in the 4th quarter valued at approximately $353,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group downgraded shares of Terex from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $49.00 to $32.00 in a research note on Monday, April 7th. Truist Financial lowered their price objective on Terex from $58.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Evercore ISI cut their target price 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 Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Barclays dropped their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.33.

Terex Price Performance

TEX stock opened at $35.38 on Tuesday. The business has a 50 day simple moving average of $40.19 and a 200-day simple moving average of $46.96. The company has a market capitalization of $2.34 billion, a P/E ratio of 7.13, a PEG ratio of 4.53 and a beta of 1.40. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company posted $1.88 EPS. As a group, equities analysts anticipate that Terex Co. will post 4.83 EPS for the current 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 paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio is presently 13.71%.

Insiders Place Their Bets

In other news, Director Andra Rush acquired 1,325 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $36.96 per share, with a total value of $48,972.00. Following the purchase, the director now owns 23,308 shares of the company’s stock, valued at $861,463.68. This represents a 6.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by insiders.

About Terex

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.