Yousif Capital Management LLC Cuts Holdings in Terex Corporation (NYSE:TEX)

Yousif Capital Management LLC trimmed its position in Terex Corporation (NYSE:TEX) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,166 shares of the industrial products company’s stock after selling 398 shares during the quarter. Yousif Capital Management LLC’s holdings in Terex were worth $875,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 332 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Terex in the 4th quarter worth about $29,000. Jones Financial Companies Lllp purchased a new stake in shares of Terex during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 222 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Terex in the 4th quarter valued at about $51,000. 92.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,389 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the sale, the insider now directly owns 38,755 shares of the company’s stock, valued at $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of recent research reports. Truist Financial upped their price objective on Terex from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 5th. UBS Group upgraded Terex from a “sell” rating to a “neutral” rating and increased their price target for the company from $34.00 to $48.00 in a report on Friday, May 16th. Citigroup lowered their price target on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Baird R W upgraded shares of Terex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Terex from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.90.

Terex Trading Up 1.0%

NYSE TEX opened at $45.33 on Friday. The stock has a market cap of $3.00 billion, a PE ratio of 12.35, a PEG ratio of 4.78 and a beta of 1.60. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $68.08. The company’s 50-day moving average price is $42.17 and its 200-day moving average price is $43.35. The company has a current ratio of 2.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.40.

Terex (NYSE:TEX) last released its quarterly earnings data 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. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Terex had a net margin of 4.89% and a return on equity of 18.79%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 EPS. Equities research analysts forecast that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, June 6th. Terex’s dividend payout ratio (DPR) is presently 18.53%.

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.