Terex Co. (NYSE:TEX) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Terex Co. (NYSE:TEX) by 45.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,559 shares of the industrial products company’s stock after acquiring an additional 19,350 shares during the period. Deutsche Bank AG owned about 0.09% of Terex worth $2,845,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Crestline Management LP grew its stake in shares of Terex by 561.2% during the fourth quarter. Crestline Management LP now owns 45,423 shares of the industrial products company’s stock valued at $2,099,000 after acquiring an additional 38,553 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Terex by 51.7% during the fourth quarter. Cetera Investment Advisers now owns 12,544 shares of the industrial products company’s stock worth $580,000 after purchasing an additional 4,276 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Terex by 66.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 141,352 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Terex by 44.6% during the fourth quarter. BNP Paribas Financial Markets now owns 32,971 shares of the industrial products company’s stock worth $1,524,000 after purchasing an additional 10,163 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Terex by 19.4% during the fourth quarter. Comerica Bank now owns 36,350 shares of the industrial products company’s stock worth $1,680,000 after purchasing an additional 5,900 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Performance

TEX opened at $45.61 on Thursday. The business’s 50 day moving average is $38.59 and its 200-day moving average is $44.48. The stock has a market cap of $3.02 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 4.53 and a beta of 1.52. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts predict that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a yield of 1.49%. Terex’s dividend payout ratio (DPR) is 18.53%.

Insiders Place Their Bets

In related 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 cost of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joshua Gross sold 5,389 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the transaction, the insider now owns 38,755 shares in the company, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Robert W. Baird raised shares of Terex from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th. Citigroup reduced their price target on shares of Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Baird R W raised shares of Terex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Barclays cut their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group cut their target price on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.40.

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.