Cwm LLC Lowers Position in Terex Co. (NYSE:TEX)

Cwm LLC trimmed its stake in shares of Terex Co. (NYSE:TEX) by 84.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,019 shares of the industrial products company’s stock after selling 5,505 shares during the period. Cwm LLC’s holdings in Terex were worth $59,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Greenhaven Associates Inc. boosted its holdings in shares of Terex by 101.5% during the 4th quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company’s stock valued at $83,702,000 after purchasing an additional 733,690 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Terex during the 3rd quarter valued at approximately $36,672,000. American Century Companies Inc. grew its holdings in shares of Terex by 94.6% in the third quarter. American Century Companies Inc. now owns 542,048 shares of the industrial products company’s stock valued at $31,233,000 after purchasing an additional 263,435 shares in the last quarter. Lazard Asset Management LLC raised its stake in Terex by 1,231.8% during the third quarter. Lazard Asset Management LLC now owns 146,436 shares of the industrial products company’s stock valued at $8,437,000 after purchasing an additional 135,441 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Terex by 247.2% during the third quarter. Panagora Asset Management Inc. now owns 179,498 shares of the industrial products company’s stock valued at $10,343,000 after purchasing an additional 127,792 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Joshua Gross sold 4,945 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total transaction of $292,397.85. Following the transaction, the insider now owns 21,457 shares of the company’s stock, valued at approximately $1,268,752.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Terex news, insider Kieran Hegarty sold 18,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total transaction of $1,022,400.00. Following the sale, the insider now owns 198,619 shares of the company’s stock, valued at approximately $11,281,559.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joshua Gross sold 4,945 shares of Terex stock in a transaction 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 owns 21,457 shares in the company, valued at $1,268,752.41. The disclosure for this sale can be found here. Insiders have sold 149,229 shares of company stock worth $9,080,064 in the last ninety days. 1.90% of the stock is owned by company insiders.

Terex Trading Down 1.7 %

TEX stock opened at $59.45 on Thursday. The company has a market capitalization of $4.00 billion, a PE ratio of 7.87 and a beta of 1.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.16 and a quick ratio of 1.06. Terex Co. has a 12 month low of $43.70 and a 12 month high of $65.89. The firm’s 50-day moving average is $60.61 and its 200 day moving average is $56.63.

Terex (NYSE:TEX) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. Terex had a net margin of 9.87% and a return on equity of 30.53%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts anticipate that Terex Co. will post 7.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TEX. The Goldman Sachs Group boosted their target price on shares of Terex from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Citigroup raised their price objective on Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Evercore ISI cut their target price on Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. UBS Group downgraded 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 report on Tuesday, February 13th. Finally, Bank of America reiterated an “underperform” rating and set a $57.00 price objective on shares of Terex in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Terex has a consensus rating of “Hold” and a consensus price target of $65.17.

Terex Company 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.