11,925 Shares in Terex Corporation (NYSE:TEX) Bought by Natixis Advisors LLC

Natixis Advisors LLC bought a new position in shares of Terex Corporation (NYSE:TEX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,925 shares of the industrial products company’s stock, valued at approximately $451,000.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in Terex in the 4th quarter valued at $59,179,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock worth $99,404,000 after purchasing an additional 1,046,600 shares during the period. First Trust Advisors LP raised its stake in shares of Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock worth $89,247,000 after purchasing an additional 582,819 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Terex by 66.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 141,352 shares during the period. Finally, Paradoxiom Capital L.P. bought a new stake in shares of Terex during the 4th quarter worth $5,862,000. Institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TEX shares. JPMorgan Chase & Co. lifted their target price on Terex from $43.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded Terex from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Truist Financial set a $62.00 price target on Terex in a research note on Monday, August 4th. Morgan Stanley cut their price target on Terex from $43.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group upgraded Terex from a “neutral” rating to a “buy” rating and increased their price target for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.22.

Terex Trading Down 0.1%

NYSE:TEX opened at $48.52 on Tuesday. Terex Corporation has a one year low of $31.53 and a one year high of $58.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The firm has a market cap of $3.18 billion, a P/E ratio of 18.10, a P/E/G ratio of 4.90 and a beta of 1.62. The firm has a 50-day simple moving average of $48.66 and a 200-day simple moving average of $43.77.

Terex (NYSE:TEX) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $2.16 EPS. Terex’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Terex’s dividend payout ratio is presently 25.37%.

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.