Dynamic Technology Lab Private Ltd Has $395,000 Position in Terex Co. (NYSE:TEX)

Dynamic Technology Lab Private Ltd grew its holdings in Terex Co. (NYSE:TEX) by 54.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,554 shares of the industrial products company’s stock after purchasing an additional 3,018 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Terex were worth $395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEX. Smartleaf Asset Management LLC lifted its stake in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 222 shares during the period. Blue Trust Inc. lifted its stake in shares of Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 260 shares during the period. Barnett & Company Inc. lifted its stake in shares of Terex by 4.3% during the fourth quarter. Barnett & Company Inc. now owns 7,300 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 300 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Terex by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 83,035 shares of the industrial products company’s stock valued at $3,838,000 after acquiring an additional 320 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Terex by 2.2% during the fourth quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock valued at $1,023,000 after acquiring an additional 467 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Up 14.1 %

Shares of Terex stock opened at $36.75 on Thursday. Terex Co. has a 1 year low of $31.53 and a 1 year high of $68.08. The business has a 50-day moving average of $40.92 and a two-hundred day moving average of $47.37. The company has a market capitalization of $2.44 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. 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 announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $1.88 earnings per share. As a group, equities analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

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 dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.85%. Terex’s payout ratio is presently 13.71%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TEX. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. UBS Group downgraded Terex from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $49.00 to $32.00 in a report on Monday. Citigroup dropped their price objective on Terex from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, Evercore ISI dropped their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.44.

Insider Buying and Selling

In other news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.