Terex Co. (NYSE:TEX) Position Reduced by Cozad Asset Management Inc.

Cozad Asset Management Inc. decreased its position in shares of Terex Co. (NYSE:TEX) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,977 shares of the industrial products company’s stock after selling 3,393 shares during the period. Cozad Asset Management Inc.’s holdings in Terex were worth $1,247,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TEX. State of New Jersey Common Pension Fund D grew its position in Terex by 10.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 35,207 shares of the industrial products company’s stock worth $1,863,000 after buying an additional 3,223 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Terex in the third quarter worth approximately $615,000. Lingohr Asset Management GmbH grew its position in Terex by 2.0% in the third quarter. Lingohr Asset Management GmbH now owns 11,516 shares of the industrial products company’s stock worth $607,000 after buying an additional 230 shares during the last quarter. Advisors Asset Management Inc. grew its position in Terex by 8.8% in the third quarter. Advisors Asset Management Inc. now owns 57,056 shares of the industrial products company’s stock worth $3,019,000 after buying an additional 4,633 shares during the last quarter. Finally, Moran Wealth Management LLC grew its position in Terex by 2.7% in the third quarter. Moran Wealth Management LLC now owns 45,339 shares of the industrial products company’s stock worth $2,399,000 after buying an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday. StockNews.com cut shares of Terex from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Barclays lowered their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Evercore ISI lowered their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. One 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.78.

Insider Buying and Selling

In other Terex 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 purchased 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Terex Trading Down 1.9 %

NYSE TEX opened at $39.53 on Tuesday. Terex Co. has a 1-year low of $36.15 and a 1-year high of $68.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.62 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. The firm’s fifty day simple moving average is $44.53 and its 200-day simple moving average is $49.30.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period in the prior year, the firm earned $1.88 EPS. As a group, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, March 7th. Terex’s dividend payout ratio is presently 13.71%.

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.