DekaBank Deutsche Girozentrale Has $5.53 Million Stock Holdings in Terex Co. (NYSE:TEX)

DekaBank Deutsche Girozentrale lowered its position in shares of Terex Co. (NYSE:TEX) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,363 shares of the industrial products company’s stock after selling 1,486 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.16% of Terex worth $5,532,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings 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 worth $28,000 after buying an additional 187 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in Terex by 202.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 465 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new stake in shares of Terex during the fourth quarter worth $61,000. Principal Securities Inc. acquired a new stake in shares of Terex in the fourth quarter valued at $85,000. Finally, International Assets Investment Management LLC bought a new position in shares of Terex in the second quarter valued at about $109,000. 92.88% of the stock is owned by institutional investors.

Terex Price Performance

Shares of TEX opened at $55.48 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The stock has a market cap of $3.71 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 3.44 and a beta of 1.53. The stock’s 50-day moving average price is $55.87 and its two-hundred day moving average price is $57.91. Terex Co. has a 1 year low of $43.70 and a 1 year high of $68.08.

Terex (NYSE:TEX) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.10. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.35 earnings per share. On average, equities analysts predict that Terex Co. will post 7.22 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, August 9th. Terex’s payout ratio is presently 9.01%.

Insiders Place Their Bets

In other Terex news, Director Andra Rush purchased 2,205 shares of the stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the acquisition, the director now directly owns 21,983 shares of the company’s stock, valued at $1,194,995.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup initiated coverage on shares of Terex in a report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price objective on the stock. Truist Financial raised their price target on shares of Terex from $68.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group upped their price objective on Terex from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. The Goldman Sachs Group lifted their target price on Terex from $64.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Evercore ISI decreased their price target on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.30.

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.