Terex Co. (NYSE:TEX) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Terex Co. (NYSE:TEX) by 89.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 969 shares of the industrial products company’s stock after acquiring an additional 457 shares during the period. Blue Trust Inc.’s holdings in Terex were worth $53,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TEX. GAMMA Investing LLC grew its position 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 purchasing an additional 335 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in Terex by 202.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 465 shares during the period. International Assets Investment Management LLC bought a new position in shares of Terex in the second quarter worth $109,000. 1620 Investment Advisors Inc. acquired a new position in shares of Terex during the second quarter valued at $111,000. Finally, AM Squared Ltd raised its stake in shares of Terex by 64.3% during the second quarter. AM Squared Ltd now owns 2,300 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

Shares of NYSE TEX opened at $51.71 on Friday. The stock’s fifty day simple moving average is $53.37 and its 200 day simple moving average is $56.17. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 4.47 and a beta of 1.53. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36. Terex Co. has a 52-week low of $44.38 and a 52-week high of $68.08.

Terex (NYSE:TEX) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.19. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. Terex’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.75 EPS. As a group, sell-side analysts forecast that Terex Co. will post 5.89 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. Terex’s dividend payout ratio (DPR) is presently 9.33%.

Wall Street Analysts Forecast Growth

TEX has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Truist Financial lowered their price objective on shares of Terex from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Citigroup cut their target price on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. Robert W. Baird lowered their price target on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.22.

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.