Mitsubishi UFJ Trust & Banking Corp Sells 6,068 Shares of Terex Co. (NYSE:TEX)

Mitsubishi UFJ Trust & Banking Corp cut its position in Terex Co. (NYSE:TEX) by 24.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,615 shares of the industrial products company’s stock after selling 6,068 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Terex were worth $860,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TEX. Cascade Investment Advisors Inc. acquired a new stake in shares of Terex during the fourth quarter worth $1,070,000. Barclays PLC raised its stake in Terex by 40.2% in the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after purchasing an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Terex in the 3rd quarter valued at about $4,283,000. Citigroup Inc. grew its position in shares of Terex by 65.6% during the 3rd quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company’s stock worth $3,727,000 after purchasing an additional 27,896 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Terex by 331.8% during the third quarter. Cerity Partners LLC now owns 24,725 shares of the industrial products company’s stock worth $1,308,000 after purchasing an additional 18,999 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andra Rush bought 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Terex Stock Performance

Shares of Terex stock opened at $38.06 on Wednesday. The company’s 50 day moving average price is $43.04 and its two-hundred day moving average price is $48.33. The firm has a market capitalization of $2.53 billion, a P/E ratio of 7.67, a P/E/G ratio of 4.53 and a beta of 1.56. Terex Co. has a fifty-two week low of $36.15 and a fifty-two week high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share 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 quarter in the prior year, the business posted $1.88 EPS. On average, equities analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

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 $0.17 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.79%. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial reduced their price target on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Barclays dropped their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group reduced their price objective on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Evercore ISI dropped their target price 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. Finally, Citigroup reduced their price target 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. One 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.com, the company presently has an average 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.