Bailard Inc. Raises Position in Terex Co. (NYSE:TEX)

Bailard Inc. lifted its stake in shares of Terex Co. (NYSE:TEX) by 138.9% in the 4th quarter, HoldingsChannel reports. The firm owned 12,051 shares of the industrial products company’s stock after buying an additional 7,006 shares during the quarter. Bailard Inc.’s holdings in Terex were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TEX. Blue Trust Inc. increased its stake in shares of Terex by 179.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 299 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Terex by 440.7% during the 3rd quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 401 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Terex during the 4th quarter worth approximately $29,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Terex during the 3rd quarter worth approximately $31,000. Finally, Quantbot Technologies LP bought a new position in Terex in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analysts Set New Price Targets

TEX has been the subject of several analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $57.00 price objective on shares of Terex in a report on Friday, January 19th. The Goldman Sachs Group raised their price objective on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Citigroup raised their price objective on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Monday, March 18th. Finally, UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $61.00 to $62.00 in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Terex presently has a consensus rating of “Hold” and a consensus price target of $65.08.

Terex Stock Performance

Terex stock opened at $59.60 on Friday. The firm’s fifty day moving average price is $60.06 and its 200-day moving average price is $56.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. The stock has a market cap of $4.01 billion, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.64. Terex Co. has a fifty-two week low of $42.50 and a fifty-two week high of $65.89.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.23. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Terex had a net margin of 9.87% and a return on equity of 31.52%. On average, equities research analysts expect that Terex Co. will post 6.95 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 7th. Terex’s payout ratio is presently 9.01%.

Insider Buying and Selling

In related news, insider Kieran Hegarty sold 18,000 shares of Terex stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00. Following the transaction, the insider now owns 198,619 shares in the company, valued at approximately $11,281,559.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Terex news, insider Kieran Hegarty sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $56.80, for a total value of $1,022,400.00. Following the transaction, the insider now owns 198,619 shares in the company, valued at $11,281,559.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the completion of the transaction, the chief executive officer now owns 315,483 shares in the company, valued at approximately $20,279,247.24. The disclosure for this sale can be found here. Insiders have sold a total of 132,039 shares of company stock worth $8,078,574 in the last 90 days. 1.90% of the stock is owned by company insiders.

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.