Geode Capital Management LLC boosted its stake in shares of Terex Co. (NYSE:TEX) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 661,708 shares of the industrial products company’s stock after purchasing an additional 58,616 shares during the quarter. Geode Capital Management LLC’s holdings in Terex were worth $18,242,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Prudential PLC boosted its position in Terex by 8.8% during the fourth quarter. Prudential PLC now owns 2,617,200 shares of the industrial products company’s stock worth $72,156,000 after purchasing an additional 210,800 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Terex by 36.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,188,335 shares of the industrial products company’s stock worth $60,333,000 after purchasing an additional 586,881 shares during the period. LSV Asset Management boosted its position in Terex by 299.3% during the fourth quarter. LSV Asset Management now owns 1,610,086 shares of the industrial products company’s stock worth $44,390,000 after purchasing an additional 1,206,820 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Terex by 2,657.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 785,745 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 757,245 shares during the period. Finally, Norges Bank bought a new stake in Terex during the fourth quarter worth approximately $20,984,000. 90.84% of the stock is owned by hedge funds and other institutional investors.

TEX opened at $28.08 on Thursday. Terex Co. has a 1-year low of $25.47 and a 1-year high of $45.47. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.27 and a quick ratio of 1.41. The company has a market capitalization of $1.98 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.80 and a beta of 1.72.

Terex (NYSE:TEX) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.30. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Terex had a positive return on equity of 25.38% and a negative net margin of 0.06%. Terex’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, sell-side analysts predict that Terex Co. will post 4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, June 7th will be paid a $0.11 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.57%. Terex’s payout ratio is 16.24%.

Several equities research analysts have recently weighed in on TEX shares. TheStreet raised Terex from a “c” rating to a “b-” rating in a research report on Thursday, May 2nd. Zacks Investment Research cut Terex from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 29th. Morgan Stanley set a $37.00 price objective on Terex and gave the company a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI reissued an “in-line” rating and issued a $31.00 price objective (down from $40.00) on shares of Terex in a research report on Friday, May 31st. Finally, Wells Fargo & Co increased their price objective on Terex from $32.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday, February 26th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $35.92.

In related news, Director International Master F. Marcato sold 1,600,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $27.31, for a total value of $43,696,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director International Master F. Marcato sold 1,100,000 shares of the company’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of $31.54, for a total value of $34,694,000.00. The disclosure for this sale can be found here. Insiders purchased 1,747 shares of company stock valued at $53,558 over the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

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Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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