Intech Investment Management LLC lifted its position in Terex Co. (NYSE:TEX - Free Report) by 487.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,037 shares of the industrial products company's stock after acquiring an additional 23,268 shares during the quarter. Intech Investment Management LLC's holdings in Terex were worth $1,483,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. TCW Group Inc. bought a new stake in shares of Terex in the 2nd quarter worth about $566,000. DekaBank Deutsche Girozentrale lifted its holdings in Terex by 26.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company's stock valued at $6,809,000 after buying an additional 22,291 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in Terex during the 3rd quarter valued at about $559,000. Edgestream Partners L.P. lifted its holdings 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 valued at $3,778,000 after buying an additional 44,432 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Terex during the 3rd quarter valued at about $615,000. Institutional investors own 92.88% of the company's stock.
Terex Stock Down 3.1 %
Shares of Terex stock traded down $1.72 on Tuesday, reaching $54.30. The stock had a trading volume of 695,780 shares, compared to its average volume of 812,755. The company has a 50 day moving average price of $53.49 and a 200 day moving average price of $55.38. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. Terex Co. has a 1 year low of $48.11 and a 1 year high of $68.08. The stock has a market capitalization of $3.63 billion, a P/E ratio of 7.93, a P/E/G ratio of 4.34 and a beta of 1.53.
Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $1.75 EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Terex Co. will post 6.07 EPS for the current year.
Terex Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, November 8th. Terex's payout ratio is currently 9.93%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Robert W. Baird decreased their price objective on shares of Terex from $65.00 to $55.00 and set a "neutral" rating for the company 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 report on Monday, September 23rd. Evercore ISI decreased their price objective on shares of Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Truist Financial lifted their price objective on shares of Terex from $62.00 to $65.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group cut their target price on shares of Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $59.56.
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Terex Profile
(
Free Report)
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.
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