Semanteon Capital Management LP Purchases New Position in Terex Co. (NYSE:TEX)

Semanteon Capital Management LP bought a new position in shares of Terex Co. (NYSE:TEX) during the 4th quarter, Holdings Channel reports. The institutional investor bought 20,495 shares of the industrial products company’s stock, valued at approximately $1,178,000.

Several other hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its holdings in Terex by 3.9% during the 3rd quarter. FMR LLC now owns 2,691,767 shares of the industrial products company’s stock worth $155,100,000 after buying an additional 102,193 shares during the period. Greenhaven Associates Inc. raised its holdings in Terex by 101.5% during the 4th quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company’s stock worth $83,702,000 after buying an additional 733,690 shares during the period. AQR Capital Management LLC raised its holdings in Terex by 9.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,137,753 shares of the industrial products company’s stock worth $65,557,000 after buying an additional 96,834 shares during the period. Victory Capital Management Inc. grew its stake in shares of Terex by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 783,981 shares of the industrial products company’s stock worth $45,173,000 after acquiring an additional 36,990 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Terex during the 3rd quarter worth approximately $36,672,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEX has been the subject of several research reports. Evercore ISI decreased their price target on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Bank of America reaffirmed an “underperform” rating and set a $57.00 price target on shares of Terex in a research note on Friday, January 19th. Citigroup raised their price target on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. UBS Group cut shares of Terex from a “buy” rating to a “neutral” rating and raised their price target for the stock from $61.00 to $62.00 in a research note on Tuesday, February 13th. Finally, The Goldman Sachs Group raised their price target on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.08.

Terex Stock Down 1.3 %

Shares of NYSE:TEX traded down $0.81 during midday trading on Thursday, hitting $59.83. The stock had a trading volume of 1,956,587 shares, compared to its average volume of 729,012. The company has a quick ratio of 0.95, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $59.97 and its 200-day simple moving average is $56.23. Terex Co. has a 12 month low of $42.50 and a 12 month high of $65.89. The company has a market cap of $4.03 billion, a P/E ratio of 7.88, a PEG ratio of 0.61 and a beta of 1.64.

Terex (NYSE:TEX) last posted its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Terex had a return on equity of 32.89% and a net margin of 10.06%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. On average, sell-side analysts forecast that Terex Co. will post 6.95 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, March 7th. Terex’s payout ratio is 8.96%.

Insider Transactions at Terex

In related news, insider Kieran Hegarty sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the sale, the insider now directly owns 198,619 shares in the company, valued at $11,281,559.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kieran Hegarty sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the sale, the insider now directly owns 198,619 shares in the company, valued at $11,281,559.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joshua Gross sold 4,945 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $59.13, for a total value of $292,397.85. Following the completion of the transaction, the insider now directly owns 21,457 shares in the company, valued at $1,268,752.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,039 shares of company stock worth $8,078,574. Insiders own 1.90% of the company’s stock.

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.