Terex Co. (NYSE:TEX) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in Terex Co. (NYSE:TEX) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 345,268 shares of the industrial products company’s stock after selling 5,885 shares during the period. Clearbridge Investments LLC owned approximately 0.51% of Terex worth $18,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hsbc Holdings PLC boosted its holdings in shares of Terex by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 19,645 shares of the industrial products company’s stock valued at $1,133,000 after acquiring an additional 3,648 shares during the last quarter. KBC Group NV boosted its holdings in Terex by 17.4% in the fourth quarter. KBC Group NV now owns 7,469 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 1,108 shares during the last quarter. First Trust Advisors LP boosted its holdings in Terex by 42.6% in the fourth quarter. First Trust Advisors LP now owns 520,820 shares of the industrial products company’s stock valued at $29,926,000 after purchasing an additional 155,706 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in Terex by 13.9% during the 4th quarter. Exencial Wealth Advisors LLC now owns 4,548 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 556 shares during the period. Finally, OLD Point Trust & Financial Services N A purchased a new position in shares of Terex during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Evercore ISI lowered their target price on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Truist Financial lowered their price objective on Terex from $74.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Jefferies Financial Group cut their target price on shares of Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Robert W. Baird boosted their target price on shares of Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Raymond James assumed coverage on shares of Terex in a report on Friday, June 28th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.90.

Insider Buying and Selling

In other Terex news, Director Andra Rush bought 2,205 shares of Terex stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the transaction, the director now directly owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by company insiders.

Terex Price Performance

Shares of NYSE TEX opened at $51.51 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21. The firm has a fifty day moving average of $54.41 and a 200 day moving average of $57.45. The firm has a market cap of $3.45 billion, a PE ratio of 6.82, a PEG ratio of 4.30 and a beta of 1.53. Terex Co. has a one year low of $43.70 and a one year high of $68.08.

Terex (NYSE:TEX) last released its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.35 earnings per share. As a group, research analysts predict that Terex Co. will post 5.88 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 9th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, August 9th. Terex’s dividend payout ratio is presently 9.01%.

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.