Terex Co. (NYSE:TEX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its stake in shares of Terex Co. (NYSE:TEX) by 64.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,089 shares of the industrial products company’s stock after selling 174,028 shares during the period. Wells Fargo & Company MN owned about 0.14% of Terex worth $4,395,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TEX. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 222 shares during the period. Blue Trust Inc. lifted its holdings in Terex by 26.8% in the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 260 shares during the last quarter. Barnett & Company Inc. boosted its stake in Terex by 4.3% in the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 300 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Terex by 0.4% during 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 purchasing an additional 320 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Terex by 2.2% in the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock worth $1,023,000 after purchasing an additional 467 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Down 2.7 %

TEX stock opened at $33.56 on Tuesday. The firm has a market cap of $2.22 billion, a PE ratio of 6.77, a P/E/G ratio of 4.53 and a beta of 1.40. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08. 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 firm has a 50 day simple moving average of $39.09 and a 200 day simple moving average of $46.35.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share 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 last year, the firm posted $1.88 earnings per share. Equities research analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s payout ratio is 13.71%.

Insider Transactions at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares of the company’s stock, valued at $861,463.68. This represents a 6.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TEX shares. The Goldman Sachs Group dropped their target price on Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Truist Financial cut their price target on Terex from $58.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays decreased their price objective on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Evercore ISI reduced their price target on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Two analysts have 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.60.

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.