AdvisorNet Financial Inc Has $131,000 Position in Terex Co. (NYSE:TEX)

AdvisorNet Financial Inc lowered its holdings in Terex Co. (NYSE:TEXGet Rating) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,785 shares of the industrial products company’s stock after selling 1,135 shares during the quarter. AdvisorNet Financial Inc’s holdings in Terex were worth $131,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEX. Prospera Financial Services Inc acquired a new position in shares of Terex during the first quarter valued at $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of Terex during the first quarter valued at $36,000. Quantbot Technologies LP acquired a new position in shares of Terex during the first quarter valued at $60,000. Point72 Hong Kong Ltd acquired a new position in shares of Terex during the fourth quarter valued at $68,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Terex by 42.6% during the first quarter. Acadian Asset Management LLC now owns 4,984 shares of the industrial products company’s stock valued at $177,000 after acquiring an additional 1,488 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

Terex Stock Down 3.2 %

NYSE:TEX opened at $31.74 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.00. The company has a market cap of $2.15 billion, a PE ratio of 9.59, a PEG ratio of 0.48 and a beta of 1.60. Terex Co. has a 52-week low of $26.64 and a 52-week high of $51.45. The stock has a 50-day simple moving average of $33.82 and a 200 day simple moving average of $33.79.

Terex (NYSE:TEXGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. Terex had a return on equity of 21.46% and a net margin of 5.73%. During the same quarter in the prior year, the firm earned $1.02 earnings per share. On average, sell-side analysts expect that Terex Co. will post 4.01 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.64%. Terex’s payout ratio is presently 15.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TheStreet lowered Terex from a “b-” rating to a “c+” rating in a research note on Thursday, July 7th. Citigroup increased their target price on Terex from $35.00 to $40.00 in a research note on Thursday, August 4th. KeyCorp increased their target price on Terex from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. StockNews.com lowered Terex from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Morgan Stanley increased their target price on Terex from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

Terex Company Profile

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Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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