Integrated Investment Consultants LLC Purchases New Holdings in Terex Co. (NYSE:TEX)

Integrated Investment Consultants LLC acquired a new position in Terex Co. (NYSE:TEX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,352 shares of the industrial products company's stock, valued at approximately $971,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEX. Greenwich Wealth Management LLC increased its position in Terex by 0.3% in the 3rd quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company's stock valued at $3,300,000 after buying an additional 181 shares in the last quarter. Dorsey Wright & Associates increased its holdings in Terex by 0.3% during the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company's stock worth $3,362,000 after purchasing an additional 186 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Terex by 57.5% in the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock worth $28,000 after purchasing an additional 187 shares during the last quarter. FCG Investment Co lifted its holdings in shares of Terex by 3.5% in the second quarter. FCG Investment Co now owns 6,534 shares of the industrial products company's stock valued at $358,000 after purchasing an additional 220 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Terex by 4.0% during the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company's stock valued at $309,000 after buying an additional 227 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Price Performance

Shares of TEX traded up $0.88 during midday trading on Friday, hitting $53.77. 480,584 shares of the company traded hands, compared to its average volume of 813,597. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. Terex Co. has a one year low of $48.11 and a one year high of $68.08. The firm has a market cap of $3.59 billion, a P/E ratio of 7.85, a PEG ratio of 4.15 and a beta of 1.53. The stock has a 50-day moving average of $53.43 and a 200-day moving average of $55.47.

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

Terex Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research note on Friday, September 20th. Robert W. Baird cut their price target on shares of Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Citigroup decreased their price objective on shares of Terex from $60.00 to $57.00 and set a "neutral" rating for the company in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut their target price on Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Finally, Truist Financial increased their price target on Terex from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Terex presently has a consensus rating of "Hold" and an average target price of $59.56.

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.