Terex Co. (NYSE:TEX) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of Terex Co. (NYSE:TEX) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,837 shares of the industrial products company’s stock after purchasing an additional 227 shares during the quarter. US Bancorp DE’s holdings in Terex were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dorsey Wright & Associates raised its holdings in Terex by 0.3% during the second 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 in the last quarter. Blue Trust Inc. raised its holdings in Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 187 shares in the last quarter. FCG Investment Co raised its holdings in Terex by 3.5% during the second 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 in the last quarter. QRG Capital Management Inc. raised its holdings in Terex by 4.4% during the first quarter. QRG Capital Management Inc. now owns 5,566 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 234 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in Terex by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 12,114 shares of the industrial products company’s stock worth $664,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

Shares of TEX opened at $53.20 on Wednesday. The stock has a market capitalization of $3.55 billion, a P/E ratio of 7.77, a P/E/G ratio of 4.50 and a beta of 1.53. Terex Co. has a 1 year low of $48.11 and a 1 year high of $68.08. The company’s fifty day moving average is $53.15 and its two-hundred day moving average is $55.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39.

Terex (NYSE:TEX) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 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 analyst estimates of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 EPS. On average, sell-side analysts predict that Terex Co. will post 6.07 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently disclosed 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 is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. Terex’s dividend payout ratio is presently 9.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup cut their target price on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. Truist Financial lifted their target price on shares of Terex from $62.00 to $65.00 and gave the company a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group cut their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Evercore ISI cut their target price on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.56.

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.