13,460 Shares in Terex Co. (NYSE:TEX) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new position in shares of Terex Co. (NYSE:TEX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,460 shares of the industrial products company's stock, valued at approximately $712,000.

Several other institutional investors have also recently made changes to their positions in TEX. Curated Wealth Partners LLC lifted its position in shares of Terex by 200.0% during the second quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company's stock worth $9,702,000 after acquiring an additional 353,844 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Terex by 18.4% in 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 buying an additional 285,750 shares in the last quarter. American Century Companies Inc. raised its position in shares of Terex by 25.6% in the second quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company's stock worth $72,538,000 after buying an additional 269,777 shares in the last quarter. Millennium Management LLC raised its position in shares of Terex by 169.0% in the second quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company's stock worth $14,526,000 after buying an additional 166,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Terex by 4.1% in 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 buying an additional 109,885 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Analyst Ratings Changes

TEX has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on Terex from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered their price objective on Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. Citigroup lowered their price objective on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, September 23rd. The Goldman Sachs Group reduced their target price on Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research note on Friday, September 20th. Finally, Robert W. Baird reduced their target price on Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $59.56.

Terex Trading Down 0.1 %

Shares of NYSE:TEX traded down $0.06 on Tuesday, reaching $55.18. 843,340 shares of the company traded hands, compared to its average volume of 808,074. The business's 50-day simple moving average is $53.56 and its 200 day simple moving average is $55.11. Terex Co. has a 52 week low of $48.11 and a 52 week high of $68.08. The stock has a market capitalization of $3.69 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 4.46 and a beta of 1.53. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. Terex had a return on equity of 24.92% and a net margin of 9.08%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the firm earned $1.75 earnings per share. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that Terex Co. will post 6.07 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.23%. Terex's dividend payout ratio (DPR) is currently 9.93%.

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.