8,847 Shares in Terex Co. (NYSE:TEX) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in Terex Co. (NYSE:TEX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,847 shares of the industrial products company’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Terex by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company’s stock valued at $1,695,000 after acquiring an additional 237 shares during the period. Blue Trust Inc. raised its holdings in shares of Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 260 shares during the period. Barnett & Company Inc. raised its holdings in shares of Terex by 4.3% during the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 300 shares during the period. Finally, 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 acquiring an additional 320 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Insider Transactions at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the purchase, the director now directly owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joshua Gross sold 5,389 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the transaction, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. This trade represents a 12.21% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TEX has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Terex from $43.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Barclays cut their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. StockNews.com upgraded shares of Terex from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Terex from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, UBS Group upgraded shares of Terex from a “sell” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $48.00 in a report on Friday, May 16th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.40.

Terex Stock Performance

Shares of TEX opened at $45.61 on Thursday. The company’s 50 day moving average price is $38.59 and its 200 day moving average price is $44.48. Terex Co. has a 52 week low of $31.53 and a 52 week high of $68.08. The company has a market capitalization of $3.02 billion, a PE ratio of 9.20, a PEG ratio of 4.53 and a beta of 1.52. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis. Research analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 6th. Terex’s payout ratio is presently 18.53%.

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.