Terex Co. (NYSE:TEX) Holdings Cut by Prudential Financial Inc.

Prudential Financial Inc. reduced its stake in Terex Co. (NYSE:TEX) by 45.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,285 shares of the industrial products company’s stock after selling 196,693 shares during the period. Prudential Financial Inc. owned 0.35% of Terex worth $10,829,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 222 shares during the period. Blue Trust Inc. boosted its holdings 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. New York State Teachers Retirement System grew its position 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 worth $3,838,000 after acquiring an additional 320 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Terex by 2.2% in the 4th quarter. New York State Common Retirement Fund now owns 22,130 shares of the industrial products company’s stock worth $1,023,000 after acquiring an additional 467 shares during the period. Finally, Kendall Capital Management increased its holdings in shares of Terex by 5.2% in the 4th quarter. Kendall Capital Management now owns 9,720 shares of the industrial products company’s stock worth $449,000 after acquiring an additional 480 shares during the period. 92.88% of the stock is owned by institutional investors.

Insider Transactions at Terex

In other news, Director Andra Rush bought 1,325 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now directly owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

Terex Price Performance

Shares of Terex stock opened at $38.47 on Friday. Terex Co. has a 52 week low of $36.15 and a 52 week 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 stock has a market cap of $2.55 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The company’s 50-day moving average price is $43.45 and its two-hundred day moving average price is $48.54.

Terex (NYSE:TEX) last released its 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 net margin of 6.54% and a return on equity of 21.99%. During the same period in the prior year, the company posted $1.88 EPS. As a group, sell-side analysts anticipate that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, March 7th. Terex’s payout ratio is 13.71%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore ISI decreased 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. Truist Financial decreased their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. StockNews.com cut Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.