Terex Co. (NYSE:TEX) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of Terex Co. (NYSE:TEX - Free Report) by 15.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 211,502 shares of the industrial products company's stock after selling 39,537 shares during the period. Royce & Associates LP owned about 0.32% of Terex worth $11,191,000 at the end of the most recent quarter.

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

Terex Price Performance

TEX stock traded down $0.59 during mid-day trading on Friday, reaching $51.98. The company's stock had a trading volume of 475,332 shares, compared to its average volume of 769,507. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company's 50 day moving average is $53.23 and its two-hundred day moving average is $55.64. The stock has a market cap of $3.47 billion, a PE ratio of 7.59, a P/E/G ratio of 4.20 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 issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. Terex's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 earnings per share. Equities research analysts expect that Terex Co. will post 6.07 EPS for the current year.

Terex Announces Dividend

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 paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. Terex's payout ratio is 9.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TEX shares. Robert W. Baird cut their price target on Terex from $65.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Truist Financial boosted their target price on shares of Terex from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group lowered their price target on shares of Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, September 20th. Evercore ISI reduced their price objective on shares of Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Finally, Citigroup lowered their target price 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 equities 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.