Terex Co. (NYSE:TEX) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in shares of Terex Co. (NYSE:TEX) by 465.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,773 shares of the industrial products company’s stock after purchasing an additional 46,729 shares during the quarter. Quantbot Technologies LP’s holdings in Terex were worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Greenwich Wealth Management LLC raised its position in shares of Terex by 0.3% during the 3rd quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock worth $3,300,000 after purchasing an additional 181 shares during the period. Dorsey Wright & Associates raised its position in shares of Terex by 0.3% during the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock worth $3,362,000 after purchasing an additional 186 shares during the period. Blue Trust Inc. raised its position in shares of Terex by 57.5% during the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 187 shares during the period. FCG Investment Co raised its position in shares of Terex by 3.5% during the 2nd quarter. FCG Investment Co now owns 6,534 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 220 shares during the period. Finally, US Bancorp DE grew its holdings in Terex by 4.0% in the 3rd quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock worth $309,000 after buying an additional 227 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TEX. Truist Financial increased 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. Evercore ISI decreased their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. decreased 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. The Goldman Sachs Group decreased their price objective on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Finally, Citigroup decreased 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.56.

Terex Stock Performance

Shares of NYSE TEX opened at $54.27 on Thursday. The stock has a fifty day moving average price of $53.46 and a two-hundred day moving average price of $55.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The firm has a market cap of $3.63 billion, a P/E ratio of 7.92, a PEG ratio of 4.52 and a beta of 1.53. Terex Co. has a 1 year low of $48.11 and a 1 year high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share 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%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.75 EPS. Research analysts forecast that Terex Co. will post 6.07 EPS 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 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio is presently 9.93%.

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.