Farther Finance Advisors LLC Has $62,000 Stock Position in Terex Co. (NYSE:TEX)

Farther Finance Advisors LLC raised its stake in shares of Terex Co. (NYSE:TEX) by 74.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,180 shares of the industrial products company’s stock after purchasing an additional 504 shares during the quarter. Farther Finance Advisors LLC’s holdings in Terex were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings 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 worth $309,000 after acquiring an additional 227 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Terex by 0.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 56,680 shares of the industrial products company’s stock worth $2,999,000 after acquiring an additional 323 shares in the last quarter. Semanteon Capital Management LP acquired a new position in shares of Terex in the 3rd quarter worth approximately $1,150,000. Cavalier Investments LLC boosted its holdings in shares of Terex by 6.5% in the 3rd quarter. Cavalier Investments LLC now owns 11,299 shares of the industrial products company’s stock worth $598,000 after acquiring an additional 690 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Terex by 1.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 47,797 shares of the industrial products company’s stock worth $2,528,000 after acquiring an additional 525 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Performance

Shares of Terex stock opened at $51.58 on Thursday. The firm has a fifty day moving average of $53.15 and a two-hundred day moving average of $55.72. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 4.30 and a beta of 1.53. Terex Co. has a 52 week low of $48.11 and a 52 week high of $68.08. 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, beating the consensus estimate of $1.31 by $0.15. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a net margin of 9.08% and a return on equity of 24.92%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. As a group, equities research analysts predict that Terex Co. will post 6.07 EPS for the current year.

Terex Announces Dividend

The company 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s dividend payout ratio is currently 9.93%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TEX. Citigroup reduced their target price on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. JPMorgan Chase & Co. reduced their target price on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group dropped their price objective on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Robert W. Baird dropped their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Evercore ISI dropped their price objective on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.56.

Terex Company 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.