Great Lakes Advisors LLC Has $3.19 Million Stock Holdings in Terex Co. (NYSE:TEX)

Great Lakes Advisors LLC trimmed its holdings in shares of Terex Co. (NYSE:TEX) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,041 shares of the industrial products company’s stock after selling 10,717 shares during the period. Great Lakes Advisors LLC’s holdings in Terex were worth $3,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Moran Wealth Management LLC increased its holdings in shares of Terex by 3.7% in the 4th quarter. Moran Wealth Management LLC now owns 46,999 shares of the industrial products company’s stock valued at $2,172,000 after purchasing an additional 1,660 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Terex by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,779 shares of the industrial products company’s stock valued at $868,000 after buying an additional 3,379 shares during the period. Kendall Capital Management lifted its position in 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 buying an additional 480 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of Terex by 3.8% during the 4th quarter. Edgestream Partners L.P. now owns 77,830 shares of the industrial products company’s stock valued at $3,597,000 after buying an additional 2,849 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Terex during the 4th quarter valued at $643,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Terex news, Director Andra Rush acquired 1,325 shares of Terex stock in a transaction dated Tuesday, March 4th. The stock was bought 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 owns 23,308 shares of the company’s stock, valued at $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

Terex Stock Up 3.1 %

Shares of Terex stock opened at $40.37 on Friday. The stock has a market capitalization of $2.68 billion, a P/E ratio of 8.14, a PEG ratio of 4.53 and a beta of 1.56. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average price of $44.65 and a two-hundred day moving average price of $49.50. Terex Co. has a 12-month low of $36.15 and a 12-month high of $68.08.

Terex (NYSE:TEX) last announced its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (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 quarter in the previous year, the company earned $1.88 earnings per share. Equities analysts expect that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

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 given a dividend of $0.17 per share. The ex-dividend date is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%. Terex’s payout ratio is currently 13.71%.

Analyst Ratings Changes

TEX has been the subject of a number of research reports. Evercore ISI reduced their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Citigroup lowered their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Barclays lowered their price target 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, JPMorgan Chase & Co. lowered their price target on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.11.

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.