Terex Corporation $TEX Shares Acquired by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. increased its position in shares of Terex Corporation (NYSE:TEX) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,338,868 shares of the industrial products company’s stock after acquiring an additional 188,195 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Terex were worth $88,362,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Terex by 0.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company’s stock worth $1,695,000 after purchasing an additional 237 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in Terex by 56.9% during the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock worth $32,000 after buying an additional 307 shares in the last quarter. UMB Bank n.a. grew its position in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after buying an additional 332 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Terex by 21.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the industrial products company’s stock worth $106,000 after buying an additional 400 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Terex by 88.1% in the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company’s stock valued at $34,000 after buying an additional 424 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Terex

In related news, VP Scott Posner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total transaction of $252,500.00. Following the completion of the sale, the vice president owned 70,308 shares in the company, valued at $3,550,554. This represents a 6.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company’s stock.

Terex Trading Down 2.9%

Terex stock opened at $50.27 on Monday. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. The stock has a market cap of $3.30 billion, a P/E ratio of 18.76, a P/E/G ratio of 5.07 and a beta of 1.62. The company’s fifty day simple moving average is $49.09 and its 200-day simple moving average is $43.86.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 earnings per share. As a group, sell-side analysts forecast that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Terex’s dividend payout ratio (DPR) is presently 25.37%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TEX shares. JPMorgan Chase & Co. raised their price objective on Terex from $43.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded Terex from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. UBS Group lifted their price target on Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Truist Financial set a $62.00 price objective on shares of Terex in a research note on Monday, August 4th. Finally, Evercore ISI boosted their price target on shares of Terex from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Terex has an average rating of “Moderate Buy” and a consensus price target of $52.22.

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.