Terex Corporation (NYSE:TEX) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Terex Corporation (NYSE:TEX) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,876 shares of the industrial products company’s stock after purchasing an additional 3,525 shares during the quarter. Principal Financial Group Inc. owned 0.34% of Terex worth $8,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TEX. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Terex during the fourth quarter worth about $59,179,000. FMR LLC lifted its holdings in shares of Terex by 17.0% during the fourth quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock worth $405,917,000 after purchasing an additional 1,272,920 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Terex by 94.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock worth $99,404,000 after purchasing an additional 1,046,600 shares during the period. Norges Bank acquired a new stake in shares of Terex during the fourth quarter worth about $35,001,000. Finally, First Trust Advisors LP lifted its holdings in Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock valued at $89,247,000 after acquiring an additional 582,819 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Down 2.2%

Terex stock opened at $50.96 on Tuesday. The stock has a market capitalization of $3.38 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 5.42 and a beta of 1.58. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $68.08. The business has a 50 day simple moving average of $46.47 and a 200-day simple moving average of $43.23. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.26. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Terex had a return on equity of 18.79% and a net margin of 4.89%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. On average, analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, June 6th. Terex’s payout ratio is 18.53%.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,389 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the sale, the insider directly owned 38,755 shares in the company, valued at approximately $1,579,266.25. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley decreased their price target on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird raised Terex from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $66.00 in a report on Tuesday, May 13th. Baird R W raised Terex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Wall Street Zen raised Terex from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, UBS Group boosted their price target on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.44.

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.