Terex Co. (NYSE:TEX) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in Terex Co. (NYSE:TEX) by 16.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,148 shares of the industrial products company’s stock after buying an additional 15,833 shares during the quarter. Segall Bryant & Hamill LLC owned 0.17% of Terex worth $5,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in Terex by 65.6% during the third quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company’s stock worth $3,727,000 after buying an additional 27,896 shares in the last quarter. Cerity Partners LLC raised its position in shares of Terex by 331.8% in the third quarter. Cerity Partners LLC now owns 24,725 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 18,999 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Terex during the 3rd quarter worth about $293,000. Truvestments Capital LLC acquired a new stake in shares of Terex during the 3rd quarter valued at about $41,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Terex in the 3rd quarter valued at about $294,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

In other Terex news, Director Andra Rush acquired 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

TEX has been the topic of a number of recent analyst reports. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Evercore ISI reduced 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 dropped their target price on shares of Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Barclays cut 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 note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Terex presently has a consensus rating of “Hold” and a consensus target price of $54.22.

Terex Stock Down 0.7 %

Shares of NYSE TEX opened at $40.10 on Friday. The stock has a market cap of $2.66 billion, a PE ratio of 8.08, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a 12-month low of $36.15 and a 12-month high of $68.08. The company has a 50-day moving average of $43.62 and a 200 day moving average of $48.62.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $1.88 earnings per share. As a group, sell-side analysts predict that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio is currently 13.71%.

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.