Foundry Partners LLC Makes New Investment in Terex Co. (NYSE:TEX)

Foundry Partners LLC bought a new stake in Terex Co. (NYSE:TEX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,353 shares of the industrial products company's stock, valued at approximately $3,881,000. Foundry Partners LLC owned 0.11% of Terex at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TEX. Blue Trust Inc. grew its stake in Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock worth $28,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Terex by 83.3% during the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock worth $39,000 after acquiring an additional 335 shares during the period. Farther Finance Advisors LLC lifted its position in Terex by 74.6% during the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock valued at $62,000 after buying an additional 504 shares during the period. International Assets Investment Management LLC purchased a new stake in Terex in the second quarter worth about $109,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Terex during the second quarter valued at $111,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Up 1.7 %

NYSE TEX traded up $0.88 on Friday, hitting $53.77. 480,584 shares of the stock were exchanged, compared to its average volume of 813,597. The company has a market cap of $3.59 billion, a PE ratio of 7.85, a PEG ratio of 4.15 and a beta of 1.53. The company has a 50-day moving average price of $53.43 and a 200-day moving average price of $55.47. Terex Co. has a fifty-two week low of $48.11 and a fifty-two week high of $68.08. 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 (NYSE:TEX - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.75 EPS. The business's revenue was down 6.0% on a year-over-year basis. Sell-side analysts anticipate that Terex Co. will post 6.07 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a $0.17 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. Terex's payout ratio is currently 9.93%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore ISI reduced 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. Citigroup decreased their price target on Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, September 23rd. Truist Financial increased their price objective on shares of Terex from $62.00 to $65.00 and gave the company a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group reduced their price target on shares of Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their target price on Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Monday, October 14th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $59.56.

Terex Company 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.