Foundry Partners LLC Has $4.57 Million Stock Position in Terex Co. (NYSE:TEX)

Foundry Partners LLC boosted its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,909 shares of the industrial products company's stock after purchasing an additional 25,556 shares during the quarter. Foundry Partners LLC owned 0.15% of Terex worth $4,572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TEX. Jones Financial Companies Lllp acquired a new stake in Terex during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC increased its position in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Terex in the third quarter valued at $40,000. VisionPoint Advisory Group LLC bought a new position in Terex in the fourth quarter worth $51,000. Finally, Blue Trust Inc. boosted its stake in Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after buying an additional 260 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Terex from $60.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Citigroup cut their price target on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday. StockNews.com lowered Terex from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Truist Financial decreased their price target on Terex from $58.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Evercore ISI dropped their price objective on Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Terex presently has a consensus rating of "Hold" and an average target price of $48.44.

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Terex Stock Performance

Shares of NYSE:TEX traded down $2.73 on Thursday, reaching $34.00. 479,326 shares of the company's stock were exchanged, compared to its average volume of 900,552. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08. The company has a fifty day moving average of $40.92 and a 200-day moving average of $47.37. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 4.53 and a beta of 1.40.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business posted $1.88 earnings per share. On average, research analysts predict that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.00%. Terex's dividend payout ratio (DPR) is presently 13.71%.

Insider Transactions at Terex

In other news, Director Andra Rush purchased 1,325 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now owns 23,308 shares in the company, valued at $861,463.68. This trade represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

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.