Swiss National Bank Lowers Holdings in Terex Co. (NYSE:TEX)

Swiss National Bank reduced its stake in shares of Terex Co. (NYSE:TEX) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,500 shares of the industrial products company’s stock after selling 300 shares during the quarter. Swiss National Bank’s holdings in Terex were worth $6,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Cascade Investment Advisors Inc. bought a new stake in Terex in the 4th quarter valued at $1,070,000. Barclays PLC grew its position in shares of Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Terex in the third quarter worth about $4,283,000. Citigroup Inc. increased its holdings in shares of Terex by 65.6% in the third 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 during the last quarter. Finally, Cerity Partners LLC lifted 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 buying an additional 18,999 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Transactions at Terex

In other news, Director Andra Rush purchased 1,325 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased 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 owns 23,308 shares of the company’s stock, 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Terex Stock Performance

Shares of NYSE:TEX opened at $39.11 on Monday. 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 market capitalization of $2.60 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 4.53 and a beta of 1.56. The firm’s 50-day moving average is $44.09 and its 200 day moving average is $48.87.

Terex (NYSE:TEX) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating 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 quarter in the previous year, the business earned $1.88 EPS. Research analysts predict that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. Terex’s dividend payout ratio (DPR) is 13.71%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TEX. Barclays cut their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. 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. StockNews.com lowered shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Truist Financial reduced their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Evercore ISI lowered their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.