Leuthold Group LLC Raises Stock Holdings in Terex Co. (NYSE:TEX)

Leuthold Group LLC lifted its stake in shares of Terex Co. (NYSE:TEX) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,665 shares of the industrial products company’s stock after acquiring an additional 4,203 shares during the period. Leuthold Group LLC owned 0.07% of Terex worth $2,669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Terex by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company’s stock worth $154,224,000 after buying an additional 109,885 shares in the last quarter. Greenhaven Associates Inc. boosted its position in Terex by 1.6% during the second quarter. Greenhaven Associates Inc. now owns 1,499,671 shares of the industrial products company’s stock worth $82,242,000 after acquiring an additional 23,371 shares during the last quarter. American Century Companies Inc. boosted its position in Terex by 25.6% during the second quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock worth $72,538,000 after acquiring an additional 269,777 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Terex by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 790,118 shares of the industrial products company’s stock worth $43,330,000 after acquiring an additional 26,377 shares during the period. Finally, Norges Bank acquired a new position in Terex in the 4th quarter valued at $42,606,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Andra Rush acquired 2,205 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $54.36 per share, with a total value of $119,863.80. Following the transaction, the director now directly owns 21,983 shares in the company, valued at approximately $1,194,995.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Terex Trading Down 3.6 %

Shares of TEX opened at $53.83 on Friday. Terex Co. has a 12 month low of $43.70 and a 12 month high of $68.08. The stock’s 50-day moving average is $56.02 and its two-hundred day moving average is $57.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 1.07. The stock has a market cap of $3.60 billion, a PE ratio of 7.13, a P/E/G ratio of 3.61 and a beta of 1.53.

Terex (NYSE:TEX) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.06 by $0.10. Terex had a return on equity of 27.89% and a net margin of 9.55%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $2.35 EPS. Terex’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts forecast that Terex Co. will post 7.21 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 9th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, August 9th. Terex’s payout ratio is 9.01%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TEX shares. Jefferies Financial Group decreased their price objective on Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Raymond James started coverage on Terex in a report on Friday, June 28th. They issued a “market perform” rating for the company. Truist Financial upped their price objective on shares of Terex from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup assumed coverage on shares of Terex in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Terex presently has an average rating of “Hold” and an average price target of $63.30.

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.