Brandywine Global Investment Management LLC Sells 7,722 Shares of Terex Co. (NYSE:TEX)

Brandywine Global Investment Management LLC trimmed its position in shares of Terex Co. (NYSE:TEX) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,784 shares of the industrial products company’s stock after selling 7,722 shares during the period. Brandywine Global Investment Management LLC owned about 0.32% of Terex worth $9,742,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new stake in Terex in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC lifted its stake in Terex by 46.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 222 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Terex in the third quarter valued at $40,000. VisionPoint Advisory Group LLC purchased a new position in Terex during the 4th quarter valued at $51,000. Finally, Blue Trust Inc. raised its stake in Terex by 26.8% in the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock worth $57,000 after buying an additional 260 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush purchased 1,325 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Terex Price Performance

TEX stock opened at $37.76 on Tuesday. The stock has a market cap of $2.51 billion, a PE ratio of 7.61, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a 50-day moving average price of $43.26 and a 200 day moving average price of $48.43. Terex Co. has a 12 month low of $36.15 and a 12 month high of $68.08. 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 (NYSE:TEX) last issued its earnings results 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 net margin of 6.54% and a return on equity of 21.99%. During the same quarter last year, the company earned $1.88 earnings per share. Equities research analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s payout ratio is 13.71%.

Analyst Ratings Changes

A number of analysts have recently commented on TEX shares. StockNews.com cut Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Truist Financial dropped their price objective on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price 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. Barclays lowered their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price objective on shares of Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.22.

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.