Lisanti Capital Growth LLC Sells 17,485 Shares of Terex Co. (NYSE:TEX)

Lisanti Capital Growth LLC trimmed its position in shares of Terex Co. (NYSE:TEX - Free Report) by 16.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,330 shares of the industrial products company's stock after selling 17,485 shares during the period. Lisanti Capital Growth LLC owned approximately 0.13% of Terex worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. NorthCrest Asset Manangement LLC raised its holdings in Terex by 2.1% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,700 shares of the industrial products company's stock valued at $414,000 after buying an additional 200 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Terex by 5.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,464 shares of the industrial products company's stock valued at $162,000 after buying an additional 287 shares during the period. Arizona State Retirement System raised its holdings in Terex by 1.6% during the 4th quarter. Arizona State Retirement System now owns 19,132 shares of the industrial products company's stock valued at $817,000 after buying an additional 300 shares during the period. SummerHaven Investment Management LLC raised its holdings in Terex by 1.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 27,540 shares of the industrial products company's stock valued at $1,332,000 after buying an additional 351 shares during the period. Finally, AMG National Trust Bank grew its position in Terex by 1.1% in the 4th quarter. AMG National Trust Bank now owns 36,723 shares of the industrial products company's stock valued at $1,569,000 after acquiring an additional 385 shares during the last quarter. 91.66% of the stock is owned by hedge funds and other institutional investors.

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

TEX has been the topic of several research analyst reports. Robert W. Baird upped their price objective on Terex from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on Terex from $53.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday. Raymond James assumed coverage on Terex in a research report on Thursday, July 6th. They issued a "market perform" rating on the stock. Wells Fargo & Company increased their price target on Terex from $66.00 to $74.00 in a research report on Thursday. Finally, 58.com reissued a "maintains" rating on shares of Terex in a research report on Wednesday, May 3rd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $61.58.

TEX stock traded down $0.58 during trading on Friday, reaching $62.75. 1,111,382 shares of the company traded hands, compared to its average volume of 916,453. Terex Co. has a 12 month low of $28.82 and a 12 month high of $65.64. The business has a 50 day simple moving average of $57.75 and a 200 day simple moving average of $52.48. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 1.99.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.69. Terex had a return on equity of 37.92% and a net margin of 8.96%. The company had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the business posted $1.07 earnings per share. The firm's revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts anticipate that Terex Co. will post 7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 14th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Terex's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. Terex's dividend payout ratio (DPR) is 9.20%.

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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