Shilanski & Associates Inc. Takes $1.24 Million Position in Terex Co. (NYSE:TEX)

Shilanski & Associates Inc. bought a new stake in shares of Terex Co. (NYSE:TEX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 28,919 shares of the industrial products company's stock, valued at approximately $1,240,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strs Ohio boosted its holdings in Terex by 812.0% during the first quarter. Strs Ohio now owns 22,800 shares of the industrial products company's stock valued at $1,103,000 after purchasing an additional 20,300 shares in the last quarter. First National Trust Co acquired a new stake in Terex in the 1st quarter valued at $581,000. Victory Capital Management Inc. grew its position in Terex by 2,821.9% in the first quarter. Victory Capital Management Inc. now owns 739,514 shares of the industrial products company's stock valued at $35,778,000 after acquiring an additional 714,205 shares during the period. FORA Capital LLC acquired a new position in Terex during the fourth quarter worth $288,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Terex during the fourth quarter valued at $1,717,000. Institutional investors own 93.39% of the company's stock.

NYSE TEX traded up $1.19 during trading hours on Monday, hitting $57.47. The company's stock had a trading volume of 268,605 shares, compared to its average volume of 898,632. Terex Co. has a twelve month low of $28.82 and a twelve month high of $65.64. The firm has a market capitalization of $3.87 billion, a P/E ratio of 8.63, a PEG ratio of 0.44 and a beta of 1.67. The company has a quick ratio of 1.02, a current ratio of 2.07 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $59.65 and a 200 day moving average of $53.55.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.69. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. Terex had a return on equity of 35.91% and a net margin of 8.96%. The firm's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 EPS. Equities research analysts forecast that Terex Co. will post 7.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a positive change from Terex's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.18%. Terex's dividend payout ratio (DPR) is 10.43%.

In related news, insider Kieran Hegarty sold 27,000 shares of the company's stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $55.84, for a total value of $1,507,680.00. Following the completion of the sale, the insider now owns 186,659 shares in the company, valued at approximately $10,423,038.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO John L. Garrison, Jr. sold 9,966 shares of Terex stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $60.00, for a total transaction of $597,960.00. Following the transaction, the chief executive officer now owns 535,331 shares in the company, valued at approximately $32,119,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kieran Hegarty sold 27,000 shares of the business's stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $55.84, for a total value of $1,507,680.00. Following the completion of the transaction, the insider now owns 186,659 shares of the company's stock, valued at $10,423,038.56. The disclosure for this sale can be found here. Insiders own 2.40% of the company's stock.

Several equities analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Terex from $62.00 to $64.00 in a report on Wednesday, May 3rd. Raymond James initiated coverage on Terex in a report on Thursday, July 6th. They set a "market perform" rating for the company. Wells Fargo & Company boosted their price objective on Terex from $66.00 to $74.00 in a research note on Thursday, August 3rd. Robert W. Baird raised their target price on Terex from $57.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, August 2nd. Finally, StockNews.com initiated coverage on shares of Terex in a research report on Thursday, August 17th. They set a "buy" rating on the stock. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Terex currently has an average rating of "Hold" and a consensus price target of $61.58.

Check Out Our Latest Analysis on Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

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