Kovitz Investment Group Partners LLC Has $3.58 Million Position in Terex Co. (NYSE:TEX)

Kovitz Investment Group Partners LLC grew its position in Terex Co. (NYSE:TEX - Free Report) by 65.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,777 shares of the industrial products company's stock after acquiring an additional 26,931 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.10% of Terex worth $3,584,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position 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 valued at $28,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 335 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Terex in the third quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its position in shares of Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 504 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Terex in the second quarter valued at approximately $109,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Down 0.8 %

NYSE TEX traded down $0.40 during trading hours on Monday, hitting $52.54. The company had a trading volume of 612,211 shares, compared to its average volume of 804,453. The firm's 50 day moving average is $53.70 and its 200 day moving average is $54.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 4.28 and a beta of 1.53. Terex Co. has a fifty-two week low of $48.11 and a fifty-two week high of $68.08.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned $1.75 earnings per share. The business's revenue for the quarter was down 6.0% on a year-over-year basis. Sell-side analysts anticipate that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TEX shares. Citigroup reduced 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. JPMorgan Chase & Co. reduced 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. Robert W. Baird reduced their price objective on Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, September 20th. Finally, Evercore ISI reduced their price objective on Terex from $67.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.