Fisher Asset Management LLC Buys 41,685 Shares of Terex Co. (NYSE:TEX)

Fisher Asset Management LLC raised its stake in Terex Co. (NYSE:TEX) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,890,625 shares of the industrial products company’s stock after purchasing an additional 41,685 shares during the period. Fisher Asset Management LLC’s holdings in Terex were worth $87,385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Greenwich Wealth Management LLC increased its position in shares of Terex by 0.3% during the 3rd quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock worth $3,300,000 after purchasing an additional 181 shares in the last quarter. US Bancorp DE increased its position in shares of Terex by 4.0% during the 3rd quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 227 shares in the last quarter. Lingohr Asset Management GmbH increased its position in shares of Terex by 2.0% during the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 230 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Terex by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,575 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 233 shares in the last quarter. Finally, Blue Trust Inc. increased its position 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 worth $57,000 after purchasing an additional 260 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

Insider Transactions at Terex

In other news, Director David A. Sachs acquired 10,000 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $51.30 per share, with a total value of $513,000.00. Following the purchase, the director now directly owns 107,500 shares of the company’s stock, valued at $5,514,750. The trade was a 10.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the transaction, the chief executive officer now directly owns 127,858 shares in the company, valued at $6,538,658.12. The trade was a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TEX. Barclays dropped their target price on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Evercore ISI lowered their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Truist Financial lowered their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned 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 $56.11.

Terex Stock Down 1.7 %

Shares of NYSE:TEX opened at $40.63 on Friday. Terex Co. has a one year low of $40.13 and a one year high of $68.08. The company has a 50 day moving average of $45.80 and a 200-day moving average of $50.50. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, sell-side analysts forecast 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 Wednesday, March 19th. Stockholders of record on Friday, March 7th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio is 13.71%.

About Terex

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.