Terex Co. (NYSE:TEX) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its position in Terex Co. (NYSE:TEX) by 487.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,037 shares of the industrial products company’s stock after purchasing an additional 23,268 shares during the period. Intech Investment Management LLC’s holdings in Terex were worth $1,483,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TEX. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 187 shares during the last quarter. GAMMA Investing LLC boosted its stake in Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after buying an additional 335 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after buying an additional 504 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Terex in the 2nd quarter worth about $109,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Terex in the 2nd quarter worth about $111,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Citigroup decreased their price target on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, September 23rd. Evercore ISI decreased their price target on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial raised their price objective on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, November 4th. 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 company presently has a consensus rating of “Hold” and an average target price of $59.56.

Terex Stock Performance

Terex stock opened at $56.03 on Tuesday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 4.34 and a beta of 1.53. 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 12 month low of $48.11 and a 12 month high of $68.08. The stock’s 50-day moving average is $53.49 and its 200-day moving average is $55.38.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. Equities analysts anticipate that Terex Co. will post 6.07 earnings per share for the current year.

Terex Dividend Announcement

The business 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 dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. Terex’s payout ratio is currently 9.93%.

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.