Icon Advisers Inc. Co. acquired a new position in Terex Co. (NYSE:TEX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,600 shares of the industrial products company’s stock, valued at approximately $623,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. bought a new stake in shares of Terex in the 3rd quarter worth $109,000. Delta Capital Management LLC bought a new stake in shares of Terex in the 2nd quarter worth $212,000. Lido Advisors LLC bought a new stake in shares of Terex in the 2nd quarter worth $246,000. Strs Ohio bought a new stake in shares of Terex in the 2nd quarter worth $307,000. Finally, Pinnacle Associates Ltd. raised its stake in shares of Terex by 32.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 8,170 shares of the industrial products company’s stock worth $345,000 after buying an additional 2,001 shares in the last quarter. 98.74% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on the company. ValuEngine downgraded Terex from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Deutsche Bank restated a “sell” rating and issued a $34.00 target price on shares of Terex in a report on Wednesday, September 5th. UBS Group set a $52.00 target price on Terex and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Robert W. Baird upgraded Terex from an “underperform” rating to a “neutral” rating and set a $38.00 target price on the stock in a report on Monday, August 20th. Finally, Bank of America lifted their target price on Terex from $36.00 to $40.00 and gave the stock an “underperform” rating in a report on Wednesday, August 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Terex currently has an average rating of “Hold” and an average target price of $41.75.

In related news, insider Kevin A. Barr sold 10,000 shares of Terex stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $39.65, for a total transaction of $396,500.00. Following the completion of the sale, the insider now owns 113,908 shares of the company’s stock, valued at $4,516,452.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin A. Barr sold 11,937 shares of Terex stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $38.43, for a total value of $458,738.91. Following the sale, the insider now directly owns 101,980 shares of the company’s stock, valued at approximately $3,919,091.40. The disclosure for this sale can be found here. In the last quarter, insiders have bought 973 shares of company stock worth $37,603 and have sold 38,866 shares worth $1,514,531. Insiders own 3.50% of the company’s stock.

Shares of NYSE TEX opened at $30.39 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.19 and a current ratio of 2.22. The firm has a market capitalization of $2.39 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.61 and a beta of 1.61. Terex Co. has a 52-week low of $28.64 and a 52-week high of $50.17.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.07). Terex had a net margin of 2.42% and a return on equity of 18.86%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, research analysts expect that Terex Co. will post 2.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. Terex’s dividend payout ratio is 29.63%.

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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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