Terex Co. (NYSE:TEX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Terex Co. (NYSE:TEX) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 744,285 shares of the industrial products company’s stock after selling 18,193 shares during the quarter. Victory Capital Management Inc. owned about 1.11% of Terex worth $34,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TEX. Regents Gate Capital LLP purchased a new position in shares of Terex during the 4th quarter worth approximately $5,561,000. Point72 Asset Management L.P. purchased a new position in shares of Terex during the 3rd quarter worth approximately $4,283,000. Foundry Partners LLC purchased a new position in shares of Terex during the 3rd quarter worth approximately $3,881,000. Bank of New York Mellon Corp raised its stake in shares of Terex by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 725,486 shares of the industrial products company’s stock worth $33,532,000 after buying an additional 52,885 shares in the last quarter. Finally, Bridgewater Associates LP raised its stake in shares of Terex by 176.1% during the 3rd quarter. Bridgewater Associates LP now owns 79,009 shares of the industrial products company’s stock worth $4,180,000 after buying an additional 50,389 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Terex

In other news, CEO Simon Meester sold 9,877 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Sachs acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $51.30 per share, for a total transaction of $513,000.00. Following the acquisition, the director now directly owns 107,500 shares of the company’s stock, valued at approximately $5,514,750. The trade was a 10.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 31,325 shares of company stock worth $1,556,972. 1.90% of the stock is owned by insiders.

Terex Price Performance

Shares of NYSE:TEX opened at $41.02 on Monday. The business’s fifty day moving average price is $45.20 and its two-hundred day moving average price is $49.95. The stock has a market cap of $2.72 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex Co. has a one year low of $36.15 and a one year high of $68.08.

Terex (NYSE:TEX) last announced 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 firm posted $1.88 EPS. On average, analysts forecast that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is presently 13.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup cut their target price on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Evercore ISI dropped their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Barclays dropped their price objective 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. Finally, Truist Financial dropped their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.11.

Terex Company 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.