Leuthold Group LLC Trims Position in Terex Co. (NYSE:TEX)

Leuthold Group LLC decreased its position in shares of Terex Co. (NYSE:TEX) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,389 shares of the industrial products company’s stock after selling 1,489 shares during the period. Leuthold Group LLC’s holdings in Terex were worth $1,867,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Greenwich Wealth Management LLC lifted its position in shares of Terex by 0.3% in the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock valued at $3,300,000 after acquiring an additional 181 shares in the last quarter. US Bancorp DE raised its stake in Terex by 4.0% during the 3rd quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 227 shares during the period. Lingohr Asset Management GmbH raised its stake in Terex by 2.0% during the 3rd quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 230 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Terex by 4.4% in 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. boosted its stake in Terex by 26.8% in 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 during the period. Institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

In related news, Director David A. Sachs bought 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $49.75 per share, for a total transaction of $995,000.00. Following the purchase, the director now directly owns 137,500 shares of the company’s stock, valued at approximately $6,840,625. The trade was a 17.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. This represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TEX has been the subject of a number of research reports. Truist Financial dropped their target price 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. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com cut Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Citigroup dropped their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Robert W. Baird cut their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $56.11.

Terex Stock Down 5.2 %

Shares of NYSE:TEX opened at $43.21 on Friday. 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 business has a 50 day simple moving average of $46.26 and a two-hundred day simple moving average of $50.95. Terex Co. has a 1 year low of $43.01 and a 1 year high of $68.08. The firm has a market capitalization of $2.87 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the previous year, the company posted $1.88 earnings per share. On average, equities analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, March 7th. Terex’s payout ratio is presently 13.71%.

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.