Lindbrook Capital LLC Has $33,000 Holdings in Terex Co. (NYSE:TEX)

Lindbrook Capital LLC lessened its position in shares of Terex Co. (NYSE:TEX) by 36.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 705 shares of the industrial products company’s stock after selling 401 shares during the quarter. Lindbrook Capital LLC’s holdings in Terex were worth $33,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cascade Investment Advisors Inc. acquired a new stake in Terex during the 4th quarter valued at approximately $1,070,000. Chartwell Investment Partners LLC acquired a new stake in Terex during the 3rd quarter valued at approximately $559,000. GSA Capital Partners LLP acquired a new stake in Terex during the 3rd quarter valued at approximately $615,000. Barclays PLC increased its position in Terex by 40.2% during the 3rd quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock valued at $6,838,000 after purchasing an additional 37,072 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Terex during the 3rd quarter worth approximately $4,283,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Trading Up 1.5 %

Shares of TEX opened at $41.02 on Friday. The business has a 50-day moving average of $45.20 and a 200 day moving average of $49.98. Terex Co. has a fifty-two week low of $36.15 and a fifty-two week high of $68.08. The firm has a market cap of $2.72 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. 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 (NYSE:TEX) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 last year, the company posted $1.88 earnings per share. As a group, research analysts forecast that Terex Co. will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s dividend payout ratio (DPR) is currently 13.71%.

Analyst Ratings Changes

Several brokerages have recently commented on TEX. Truist Financial reduced their price objective on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Evercore ISI reduced their price objective on shares of Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup reduced their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com cut Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.11.

Insider Buying and Selling

In related news, Director Andra Rush bought 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $36.96 per share, with a total value of $48,972.00. Following the acquisition, the director now directly owns 23,308 shares of the company’s stock, valued at $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the transaction, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. The trade was a 7.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 31,325 shares of company stock valued at $1,556,972. 1.90% of the stock is owned by insiders.

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.