Terex Co. (NYSE:TEX) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Terex Co. (NYSE:TEX) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,024 shares of the industrial products company’s stock after selling 5,013 shares during the quarter. Legal & General Group Plc owned about 0.17% of Terex worth $5,316,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Barclays PLC lifted its stake in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares during the period. Invst LLC acquired a new stake in shares of Terex during the third quarter worth $206,000. Virtu Financial LLC purchased a new stake in Terex in the 3rd quarter valued at about $704,000. Sanctuary Advisors LLC increased its position in Terex by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 10,610 shares of the industrial products company’s stock worth $571,000 after purchasing an additional 717 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex during the 3rd quarter worth $40,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 1,325 shares of Terex stock in a transaction dated 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 completion of the transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Terex Price Performance

Shares of TEX stock opened at $34.50 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The stock’s fifty day simple moving average is $39.31 and its 200 day simple moving average is $46.48. Terex Co. has a one year low of $31.53 and a one year high of $68.08. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share 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 in the previous year, the business posted $1.88 earnings per share. On average, analysts expect that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. Terex’s payout ratio is presently 13.71%.

Analyst Ratings Changes

Several research firms recently weighed in on TEX. UBS Group lowered shares of Terex from a “neutral” rating to a “sell” rating and reduced their target price for the company from $49.00 to $32.00 in a report on Monday, April 7th. Citigroup lowered their price objective on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Truist Financial lowered their price target on shares of Terex from $58.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Evercore ISI decreased their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.60.

Terex 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.