International Assets Investment Management LLC Purchases 2,087 Shares of Terex Co. (NYSE:TEX)

International Assets Investment Management LLC boosted its position in Terex Co. (NYSE:TEX) by 105.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,074 shares of the industrial products company’s stock after acquiring an additional 2,087 shares during the period. International Assets Investment Management LLC’s holdings in Terex were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TEX. Clearbridge Investments LLC increased its position in shares of Terex by 2.6% during the first quarter. Clearbridge Investments LLC now owns 351,153 shares of the industrial products company’s stock valued at $22,614,000 after buying an additional 8,908 shares during the period. TCW Group Inc. bought a new stake in shares of Terex during the second quarter valued at about $566,000. Russell Investments Group Ltd. increased its position in shares of Terex by 11.5% during the first quarter. Russell Investments Group Ltd. now owns 316,692 shares of the industrial products company’s stock valued at $20,395,000 after buying an additional 32,630 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Terex by 26.4% during the first 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 during the period. Finally, Edgestream Partners L.P. increased its position in shares of Terex by 181.6% during the second 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 during the period. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TEX shares. 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 report on Monday, August 19th. Jefferies Financial Group cut their price objective on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. 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. Truist Financial boosted their price objective on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Monday. Finally, Citigroup cut their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. 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. 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 Up 12.0 %

Shares of TEX opened at $58.63 on Thursday. The firm has a market cap of $3.92 billion, a P/E ratio of 8.56, a P/E/G ratio of 4.19 and a beta of 1.53. The stock has a 50 day simple moving average of $53.13 and a two-hundred day simple moving average of $55.90. 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 1 year low of $46.94 and a 1 year high of $68.08.

Terex (NYSE:TEX) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. Terex’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.75 earnings per share. On average, analysts forecast that Terex Co. will post 5.99 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio (DPR) is presently 9.93%.

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.