UBS Group AG Trims Stock Holdings in Terex Co. (NYSE:TEX)

UBS Group AG decreased its stake in Terex Co. (NYSE:TEX - Get Rating) by 36.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,468 shares of the industrial products company's stock after selling 24,832 shares during the quarter. UBS Group AG owned approximately 0.06% of Terex worth $1,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Terex by 130.6% during the third quarter. Bessemer Group Inc. now owns 934 shares of the industrial products company's stock worth $28,000 after purchasing an additional 529 shares in the last quarter. Ronald Blue Trust Inc. grew its position in shares of Terex by 60.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,163 shares of the industrial products company's stock worth $35,000 after purchasing an additional 440 shares in the last quarter. Signaturefd LLC grew its holdings in Terex by 58.6% during the 4th quarter. Signaturefd LLC now owns 1,277 shares of the industrial products company's stock valued at $55,000 after buying an additional 472 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in Terex during the 4th quarter valued at approximately $67,000. Finally, Quadrant Capital Group LLC grew its holdings in Terex by 318.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,666 shares of the industrial products company's stock valued at $50,000 after buying an additional 1,268 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company's stock.

Several equities analysts have weighed in on TEX shares. StockNews.com started coverage on Terex in a report on Thursday, May 18th. They set a "buy" rating for the company. Barclays raised their price objective on Terex from $38.00 to $56.00 and gave the company an "equal weight" rating in a research note on Monday, February 13th. Bank of America lowered Terex from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $66.00 to $54.00 in a research note on Friday, March 17th. TheStreet raised Terex from a "c+" rating to a "b" rating in a research note on Thursday, February 9th. Finally, Morgan Stanley raised their price target on Terex from $52.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Monday, February 13th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $55.45.

In related news, insider Simon Meester sold 6,000 shares of the company's stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $50.44, for a total value of $302,640.00. Following the completion of the transaction, the insider now owns 55,907 shares of the company's stock, valued at approximately $2,819,949.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company's stock.

Shares of NYSE:TEX opened at $54.35 on Wednesday. Terex Co. has a 12-month low of $26.64 and a 12-month high of $60.85. The business's fifty day simple moving average is $46.68 and its 200-day simple moving average is $48.07. The company has a market capitalization of $3.68 billion, a PE ratio of 10.35, a P/E/G ratio of 0.49 and a beta of 1.61. The company has a current ratio of 1.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Terex (NYSE:TEX - Get Rating) last issued its quarterly earnings results on Monday, May 1st. The industrial products company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.56. Terex had a return on equity of 31.41% and a net margin of 7.76%. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm's revenue was up 23.3% compared to the same quarter last year. As a group, equities research analysts predict that Terex Co. will post 5.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. Terex's dividend payout ratio (DPR) is presently 11.43%.

Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. It operates through the Material Processing and Aerial Work Platforms segments. The Materials Processing segment designs, manufactures, services and markets materials processing and equipment, including crushers, washing systems, screens, 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 their related components and replacement parts.

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