Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Terex Co. (NYSE:TEX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Terex Co. (NYSE:TEX) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,196 shares of the industrial products company’s stock after buying an additional 353 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Terex were worth $931,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Terex by 179.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the industrial products company’s stock valued at $27,000 after buying an additional 299 shares during the last quarter. Avior Wealth Management LLC boosted its position in Terex by 440.7% in the third quarter. Avior Wealth Management LLC now owns 492 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 401 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Terex in the fourth quarter worth $29,000. FinTrust Capital Advisors LLC purchased a new position in Terex in the third quarter worth $31,000. Finally, Quantbot Technologies LP purchased a new position in Terex in the third quarter worth $32,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling at Terex

In other news, CEO John L. Garrison, Jr. sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the transaction, the chief executive officer now owns 315,483 shares of the company’s stock, valued at approximately $20,279,247.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John L. Garrison, Jr. sold 59,094 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the completion of the transaction, the chief executive officer now owns 380,834 shares of the company’s stock, valued at approximately $22,876,698.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John L. Garrison, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total value of $3,214,000.00. Following the transaction, the chief executive officer now directly owns 315,483 shares of the company’s stock, valued at approximately $20,279,247.24. The disclosure for this sale can be found here. Insiders sold 132,039 shares of company stock valued at $8,078,574 in the last 90 days. Insiders own 1.90% of the company’s stock.

Terex Stock Performance

NYSE:TEX opened at $59.59 on Monday. Terex Co. has a 52-week low of $42.50 and a 52-week high of $65.89. The business’s fifty day moving average is $60.06 and its 200 day moving average is $56.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 2.01. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.59 and a beta of 1.64.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Terex had a return on equity of 31.52% and a net margin of 9.87%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 EPS. Research analysts predict that Terex Co. will post 7.05 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, March 7th. Terex’s payout ratio is 9.01%.

Wall Street Analysts Forecast Growth

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

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.