Los Angeles Capital Management LLC Has $204,000 Position in Terex Co. (NYSE:TEX)

Los Angeles Capital Management LLC lessened its holdings in Terex Co. (NYSE:TEX - Free Report) by 85.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,852 shares of the industrial products company's stock after selling 21,965 shares during the period. Los Angeles Capital Management LLC's holdings in Terex were worth $204,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Clearbridge Investments LLC lifted its position in shares of Terex by 2.6% during the first quarter. Clearbridge Investments LLC now owns 351,153 shares of the industrial products company's stock valued at $22,614,000 after buying an additional 8,908 shares during the last quarter. TCW Group Inc. acquired a new position in shares of Terex during the second quarter valued at about $566,000. DekaBank Deutsche Girozentrale boosted its stake in Terex by 26.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company's stock worth $6,809,000 after purchasing an additional 22,291 shares in the last quarter. Edgestream Partners L.P. lifted its position in Terex by 181.6% during the 2nd quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company's stock worth $3,778,000 after acquiring an additional 44,432 shares during the period. Finally, AQR Capital Management LLC raised its position in Terex by 18.4% during the 2nd 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 during the last quarter. Institutional investors own 92.88% of the company's stock.

Wall Street Analyst Weigh In

TEX has been the subject of several research reports. Truist Financial upped their price objective on shares of Terex from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. cut their target price on shares of Terex from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group dropped their price target on shares of Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research note on Friday, September 20th. Evercore ISI decreased their price target on Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Finally, Citigroup dropped 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. One investment 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.com, Terex presently has a consensus rating of "Hold" and an average target price of $59.56.

Terex Stock Down 1.4 %

TEX traded down $0.74 during trading on Tuesday, reaching $51.53. 324,111 shares of the stock traded hands, compared to its average volume of 816,544. 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 fifty-two week low of $48.11 and a fifty-two week high of $68.08. The stock's 50-day simple moving average is $53.27 and its two-hundred day simple moving average is $55.61. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 4.20 and a beta of 1.53.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted $1.75 earnings per share. The business's quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts expect that Terex Co. will post 6.07 EPS for the current 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 of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 1.32%. Terex's dividend payout ratio (DPR) is presently 9.93%.

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.