Terex Co. (NYSE:TEX) Shares Sold by Credit Suisse AG

Credit Suisse AG lessened its stake in Terex Co. (NYSE:TEX) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,228 shares of the industrial products company’s stock after selling 251 shares during the period. Credit Suisse AG owned 0.12% of Terex worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in Terex by 70.7% in the first quarter. LPL Financial LLC now owns 40,851 shares of the industrial products company’s stock valued at $1,976,000 after acquiring an additional 16,919 shares in the last quarter. Pictet Asset Management SA boosted its stake in shares of Terex by 11.5% during the first quarter. Pictet Asset Management SA now owns 8,444 shares of the industrial products company’s stock worth $409,000 after buying an additional 871 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Terex by 57.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,405 shares of the industrial products company’s stock worth $3,068,000 after buying an additional 23,207 shares during the period. Boston Partners boosted its stake in shares of Terex by 59.0% during the first quarter. Boston Partners now owns 795,299 shares of the industrial products company’s stock worth $37,775,000 after buying an additional 295,248 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in shares of Terex by 0.5% during the first quarter. GW&K Investment Management LLC now owns 819,306 shares of the industrial products company’s stock worth $39,638,000 after buying an additional 3,807 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Terex

In other Terex news, CEO John L. Garrison, Jr. sold 9,966 shares of Terex stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $60.00, for a total value of $597,960.00. Following the completion of the sale, the chief executive officer now directly owns 535,331 shares of the company’s stock, valued at approximately $32,119,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kieran Hegarty sold 27,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $55.84, for a total transaction of $1,507,680.00. Following the completion of the sale, the insider now directly owns 186,659 shares of the company’s stock, valued at approximately $10,423,038.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John L. Garrison, Jr. sold 9,966 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $60.00, for a total transaction of $597,960.00. Following the sale, the chief executive officer now directly owns 535,331 shares of the company’s stock, valued at $32,119,860. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TEX shares. KeyCorp increased their target price on shares of Terex from $72.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Wells Fargo & Company increased their target price on shares of Terex from $66.00 to $74.00 in a research note on Thursday, August 3rd. Citigroup raised their price objective on shares of Terex from $52.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 18th. 58.com restated a “maintains” rating on shares of Terex in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus raised their price objective on shares of Terex from $62.00 to $64.00 in a research report on Wednesday, May 3rd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Terex presently has an average rating of “Hold” and an average target price of $61.58.

Terex Trading Up 2.6 %

Shares of TEX opened at $60.70 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.07 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $59.74 and a 200-day simple moving average of $53.69. Terex Co. has a 1-year low of $28.82 and a 1-year high of $65.64. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.45 and a beta of 1.67.

Terex (NYSE:TEX) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.69. Terex had a net margin of 8.96% and a return on equity of 35.91%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $1.07 EPS. The company’s revenue was up 30.3% on a year-over-year basis. Equities analysts forecast that Terex Co. will post 7.09 EPS for the current fiscal year.

Terex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Terex’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, August 11th. Terex’s dividend payout ratio (DPR) is 10.43%.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.