73,353 Shares in Terex Co. (NYSE:TEX) Acquired by Foundry Partners LLC

Foundry Partners LLC acquired a new position in Terex Co. (NYSE:TEX) during the 3rd quarter, HoldingsChannel reports. The fund acquired 73,353 shares of the industrial products company’s stock, valued at approximately $3,881,000.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TEX. Citigroup decreased their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Evercore ISI decreased their target price on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. The Goldman Sachs Group decreased their target price on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Robert W. Baird decreased their target price on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial boosted their target price on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.56.

Terex Stock Performance

Terex stock opened at $52.89 on Friday. The stock’s 50-day moving average is $53.38 and its 200-day moving average is $55.52. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 4.15 and a beta of 1.53. 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 12 month low of $48.11 and a 12 month high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings data 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. Equities analysts anticipate that Terex Co. will post 6.07 earnings per share for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued a $0.17 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.29%. Terex’s dividend payout ratio (DPR) is 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.