Terex Co. (NYSE:TEX) Shares Sold by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC lessened its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,269 shares of the industrial products company's stock after selling 13,476 shares during the quarter. Terex accounts for about 3.1% of Minneapolis Portfolio Management Group LLC's holdings, making the stock its 20th biggest holding. Minneapolis Portfolio Management Group LLC owned approximately 0.68% of Terex worth $23,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. State of Michigan Retirement System lifted its stake in Terex by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 16,418 shares of the industrial products company's stock worth $1,057,000 after acquiring an additional 300 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Terex by 1.0% in the first quarter. BNP Paribas Financial Markets now owns 51,116 shares of the industrial products company's stock valued at $3,292,000 after purchasing an additional 525 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Terex during the 1st quarter worth approximately $239,000. FinTrust Capital Advisors LLC lifted its holdings in Terex by 202.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company's stock worth $45,000 after buying an additional 465 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Terex by 18.2% in the 1st quarter. Jennison Associates LLC now owns 26,911 shares of the industrial products company's stock valued at $1,733,000 after buying an additional 4,141 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEX has been the topic of a number of recent research reports. The Goldman Sachs Group cut 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. Citigroup cut 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. JPMorgan Chase & Co. decreased their price objective on Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Jefferies Financial Group lowered their price objective on Terex from $68.00 to $55.00 and set a "hold" rating for the company in a research report on Thursday, July 11th. Finally, Truist Financial decreased their price target on shares of Terex from $63.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. One investment 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.22.

Terex Stock Down 0.6 %

Shares of NYSE:TEX traded down $0.30 during trading on Friday, hitting $51.41. 592,975 shares of the company were exchanged, compared to its average volume of 786,266. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.07. The firm's 50 day moving average price is $53.29 and its 200-day moving average price is $56.05. The stock has a market capitalization of $3.43 billion, a P/E ratio of 7.51, a PEG ratio of 4.28 and a beta of 1.53. Terex Co. has a 12-month low of $46.94 and a 12-month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Terex's revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts predict that Terex Co. will post 5.92 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. Terex's dividend payout ratio (DPR) is presently 9.93%.

About Terex

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.