Vanguard Group Inc. Has $309.91 Million Holdings in Terex Co. (NYSE:TEX)

Vanguard Group Inc. decreased its holdings in shares of Terex Co. (NYSE:TEX) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,705,100 shares of the industrial products company’s stock after selling 166,516 shares during the quarter. Vanguard Group Inc. owned approximately 10.04% of Terex worth $309,910,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares during the last quarter. Blue Trust Inc. lifted 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 worth $57,000 after buying an additional 260 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Terex by 0.4% in 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. New York State Common Retirement Fund grew its stake in shares of Terex by 2.2% in the fourth quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock valued at $1,023,000 after acquiring an additional 467 shares in the last quarter. Finally, Kendall Capital Management increased its position in Terex by 5.2% during the fourth quarter. Kendall Capital Management now owns 9,720 shares of the industrial products company’s stock worth $449,000 after acquiring an additional 480 shares during the period. 92.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price 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. Truist Financial reduced their price target on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Citigroup cut their target price on Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Barclays decreased their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, Evercore ISI cut their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.22.

Terex Stock Down 10.4 %

Shares of TEX opened at $35.85 on Friday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 4.53 and a beta of 1.56. Terex Co. has a 52 week low of $35.56 and a 52 week high of $68.08. 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 stock has a fifty day moving average of $42.61 and a 200-day moving average of $48.19.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating 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 business earned $1.88 EPS. As a group, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio (DPR) is currently 13.71%.

Insider Activity

In related news, Director Andra Rush acquired 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

Terex Company 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.