Terex Co. (NYSE:TEX) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its stake in Terex Co. (NYSE:TEX) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 113,148 shares of the industrial products company’s stock after purchasing an additional 15,833 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Terex were worth $5,230,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Terex during the fourth quarter worth $31,000. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Terex during the 3rd quarter worth about $40,000. Truvestments Capital LLC purchased a new position in Terex during the 3rd quarter valued at about $41,000. Finally, VisionPoint Advisory Group LLC acquired a new position in Terex in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $36.96 per share, with a total value of $48,972.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TEX. Barclays lowered their price objective on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Evercore ISI decreased their price target on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price objective on Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. 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. Based on data from MarketBeat.com, Terex currently has an average rating of “Hold” and an average price target of $54.22.

Terex Trading Down 0.7 %

TEX opened at $40.10 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16. Terex Co. has a one year low of $36.15 and a one year high of $68.08. The company has a market cap of $2.66 billion, a P/E ratio of 8.08, a PEG ratio of 4.53 and a beta of 1.56. The business’s 50-day simple moving average is $43.62 and its 200-day simple moving average is $48.62.

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 the consensus estimate 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 last year, the company earned $1.88 EPS. As a group, equities research analysts expect that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.70%. Terex’s dividend payout ratio is presently 13.71%.

About Terex

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.