Front Street Capital Management Inc. Trims Stock Holdings in Terex Co. (NYSE:TEX)

Front Street Capital Management Inc. lowered its stake in shares of Terex Co. (NYSE:TEX) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 284,418 shares of the industrial products company’s stock after selling 508 shares during the period. Terex accounts for approximately 2.3% of Front Street Capital Management Inc.’s portfolio, making the stock its 13th largest holding. Front Street Capital Management Inc. owned 0.43% of Terex worth $13,146,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock worth $405,917,000 after acquiring an additional 1,272,920 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Terex by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company’s stock worth $87,385,000 after purchasing an additional 41,685 shares during the period. American Century Companies Inc. raised its position in shares of Terex by 8.4% in the fourth quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company’s stock worth $80,479,000 after buying an additional 135,286 shares in the last quarter. Geode Capital Management LLC boosted its stake in Terex by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,596,070 shares of the industrial products company’s stock valued at $84,463,000 after buying an additional 8,624 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Terex by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 982,636 shares of the industrial products company’s stock worth $45,417,000 after buying an additional 41,758 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Stock Up 1.2 %

TEX opened at $34.50 on Friday. Terex Co. has a 12 month low of $31.53 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. The business’s 50-day moving average price is $39.53 and its 200-day moving average price is $46.66. The company has a market cap of $2.29 billion, a P/E ratio of 6.96, a P/E/G ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping 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 period in the previous year, the company posted $1.88 EPS. On average, equities analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio (DPR) is 13.71%.

Analysts Set New Price Targets

Several brokerages have recently commented on TEX. The Goldman Sachs Group cut their price objective on Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Morgan Stanley decreased their price target on shares of Terex from $43.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday. Barclays dropped their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Evercore ISI reduced their target price on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price target on Terex from $48.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Terex presently has a consensus rating of “Hold” and a consensus target price of $45.60.

Insider Activity

In other Terex news, Director Andra Rush bought 1,325 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now directly owns 23,308 shares in the company, valued at $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

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.