Quadrature Capital Ltd Invests $685,000 in Terex Co. (NYSE:TEX)

Quadrature Capital Ltd bought a new stake in Terex Co. (NYSE:TEX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,955 shares of the industrial products company's stock, valued at approximately $685,000.

A number of other large investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Terex by 18.4% during the second quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company's stock worth $99,045,000 after purchasing an additional 285,750 shares during the period. American Century Companies Inc. raised its position in shares of Terex by 25.6% in the 2nd quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company's stock valued at $72,538,000 after buying an additional 269,777 shares in the last quarter. Millennium Management LLC grew its position in Terex by 169.0% in the second quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company's stock valued at $14,526,000 after acquiring an additional 166,429 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Terex by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company's stock worth $154,224,000 after acquiring an additional 109,885 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Terex in the third quarter worth about $4,283,000. Institutional investors own 92.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TEX shares. JPMorgan Chase & Co. lowered their price objective on shares of Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. Truist Financial raised their price objective on Terex from $62.00 to $65.00 and gave the company a "buy" rating in a report on Monday, November 4th. Evercore ISI lowered their target price on Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Robert W. Baird dropped their target price on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Finally, Citigroup lowered their price objective on Terex from $60.00 to $57.00 and set a "neutral" rating for the company in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $59.56.

Terex Trading Down 0.8 %

Terex stock traded down $0.40 during mid-day trading on Monday, hitting $52.54. 612,058 shares of the stock were exchanged, compared to its average volume of 804,453. The firm's fifty day simple moving average is $53.70 and its two-hundred day simple moving average is $54.89. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. Terex Co. has a 12 month low of $48.11 and a 12 month high of $68.08. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 4.28 and a beta of 1.53.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $1.75 earnings per share. Terex's revenue for the quarter was down 6.0% on a year-over-year basis. Analysts forecast that Terex Co. will post 6.07 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, November 8th. Terex's dividend payout ratio (DPR) is presently 9.93%.

Terex Profile

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.