Xponance Inc. Has $441,000 Stake in Terex Co. (NYSE:TEX)

Xponance Inc. boosted its stake in Terex Co. (NYSE:TEX) by 5.3% during the 4th quarter, HoldingsChannel reports. The fund owned 9,544 shares of the industrial products company’s stock after acquiring an additional 482 shares during the quarter. Xponance Inc.’s holdings in Terex were worth $441,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TEX. Jones Financial Companies Lllp acquired a new position in shares of Terex during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC boosted its position in Terex by 46.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Terex during the 3rd quarter worth approximately $40,000. Truvestments Capital LLC acquired a new stake in shares of Terex in the third quarter valued at approximately $41,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Terex in the fourth quarter worth $51,000. Institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TEX shares. JPMorgan Chase & Co. cut their price target on shares of 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 downgraded Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Citigroup dropped their price objective on Terex from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group lowered their target price on shares of Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, Barclays cut their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.22.

Insider Transactions at Terex

In related news, Director Andra Rush acquired 1,325 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

Terex Stock Down 0.2 %

Shares of NYSE TEX opened at $40.38 on Thursday. The company’s 50 day moving average price is $43.77 and its 200-day moving average price is $48.68. 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 52-week low of $36.15 and a 52-week high of $68.08. The company has a market capitalization of $2.68 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56.

Terex (NYSE:TEX) last issued its 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 return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the company earned $1.88 earnings per share. Equities analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.68%. Terex’s dividend payout ratio is 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.