Bank of Montreal Can Purchases 604 Shares of Terex Co. (NYSE:TEX)

Bank of Montreal Can grew its holdings in Terex Co. (NYSE:TEX) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,771 shares of the industrial products company’s stock after purchasing an additional 604 shares during the quarter. Bank of Montreal Can’s holdings in Terex were worth $544,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TEX. Smartleaf Asset Management LLC increased its position in 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 buying an additional 222 shares during the period. Envestnet Asset Management Inc. increased its position in Terex by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company’s stock worth $1,695,000 after acquiring an additional 237 shares during the period. Blue Trust Inc. raised its stake in Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 260 shares during the last quarter. Barnett & Company Inc. grew its position in Terex by 4.3% in the 4th quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 300 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Terex by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company’s stock worth $3,838,000 after purchasing an additional 320 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Down 2.7 %

Shares of NYSE:TEX opened at $33.56 on Tuesday. The company has a 50 day moving average price of $39.09 and a two-hundred day moving average price of $46.35. The company has a market capitalization of $2.22 billion, a PE ratio of 6.77, a PEG ratio of 4.53 and a beta of 1.40. Terex Co. has a 52 week low of $31.53 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.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate 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 prior year, the firm posted $1.88 EPS. Analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid 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 2.03%. Terex’s payout ratio is 13.71%.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price 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 purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TEX shares. UBS Group lowered Terex from a “neutral” rating to a “sell” rating and lowered their price target for the company from $49.00 to $32.00 in a research note on Monday, April 7th. Evercore ISI decreased their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group reduced their price objective on Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Truist Financial dropped their target price on shares of Terex from $58.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their price target on Terex from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. 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’s stock. According to data from MarketBeat.com, Terex currently has an average rating of “Hold” and an average price target of $45.60.

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.