Lingohr Asset Management GmbH Sells 5,352 Shares of Terex Co. (NYSE:TEX)

Lingohr Asset Management GmbH lessened its position in shares of Terex Co. (NYSE:TEX) by 46.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,164 shares of the industrial products company’s stock after selling 5,352 shares during the period. Lingohr Asset Management GmbH’s holdings in Terex were worth $279,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cascade Investment Advisors Inc. bought a new stake in shares of Terex during the fourth quarter worth approximately $1,070,000. Barclays PLC raised its position in shares of Terex by 40.2% in the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after buying an additional 37,072 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Terex in the third quarter valued at approximately $4,283,000. Citigroup Inc. raised its position 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 valued at $3,727,000 after buying an additional 27,896 shares in the last quarter. Finally, Cerity Partners LLC raised 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 valued at $1,308,000 after buying an additional 18,999 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Analysts Set New Price Targets

TEX has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays dropped their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Citigroup dropped their price target on shares of Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com downgraded shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Terex presently has an average rating of “Hold” and an average target price of $54.22.

Insider Activity at Terex

In related news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $861,463.68. This trade represents a 6.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Terex Stock Down 0.1 %

Shares of TEX opened at $39.60 on Thursday. Terex Co. has a 52 week low of $36.15 and a 52 week high of $68.08. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.98, a PEG 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. The stock has a fifty day moving average of $44.31 and a 200-day moving average of $49.12.

Terex (NYSE:TEX) last announced its quarterly 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 period in the previous year, the business posted $1.88 earnings per share. As a group, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s payout ratio is 13.71%.

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.