Cetera Investment Advisers Purchases 4,276 Shares of Terex Co. (NYSE:TEX)

Cetera Investment Advisers increased its position in Terex Co. (NYSE:TEX) by 51.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,544 shares of the industrial products company’s stock after buying an additional 4,276 shares during the quarter. Cetera Investment Advisers’ holdings in Terex were worth $580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake 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 acquiring an additional 222 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Terex by 0.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company’s stock valued at $1,695,000 after purchasing an additional 237 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of 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. raised 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 period. Finally, New York State Teachers Retirement System raised its position in Terex by 0.4% in 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. Institutional investors own 92.88% of the company’s stock.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the transaction, the insider now directly owns 38,755 shares of the company’s stock, valued at $1,579,266.25. This trade represents a 12.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andra Rush acquired 1,325 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Terex Stock Down 2.7%

Shares of Terex stock opened at $44.61 on Tuesday. 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 12-month low of $31.53 and a 12-month high of $68.08. The company has a market cap of $2.96 billion, a P/E ratio of 8.99, a PEG ratio of 4.53 and a beta of 1.52. The company’s fifty day simple moving average is $38.92 and its two-hundred day simple moving average is $44.13.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.26. Terex had a net margin of 6.54% and a return on equity of 21.99%. 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 earned $1.60 earnings per share. Terex’s quarterly revenue was down 4.9% on a year-over-year basis. Research analysts anticipate that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. Terex’s dividend payout ratio is presently 18.53%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their target price on Terex from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Barclays dropped their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. UBS Group raised Terex from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $48.00 in a research note on Friday, May 16th. Finally, Robert W. Baird upgraded Terex from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.