International Assets Investment Management LLC Grows Position in Terex Co. (NYSE:TEX)

International Assets Investment Management LLC grew its stake in shares of Terex Co. (NYSE:TEX) by 105.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,074 shares of the industrial products company’s stock after purchasing an additional 2,087 shares during the quarter. International Assets Investment Management LLC’s holdings in Terex were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TEX. Blue Trust Inc. boosted its stake in shares of Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC raised its holdings in shares of Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 335 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Terex during the second quarter valued at approximately $111,000. AM Squared Ltd raised its holdings in shares of Terex by 64.3% during the second quarter. AM Squared Ltd now owns 2,300 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 900 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Terex by 232.7% during the first quarter. Covestor Ltd now owns 2,033 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 1,422 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Shares of Terex stock opened at $58.63 on Thursday. The business has a fifty day simple moving average of $53.13 and a two-hundred day simple moving average of $55.90. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.92 billion, a P/E ratio of 8.56, a P/E/G ratio of 4.19 and a beta of 1.53. Terex Co. has a 12 month low of $46.94 and a 12 month high of $68.08.

Terex (NYSE:TEX) last posted its quarterly earnings results 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. Terex’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. On average, equities analysts forecast that Terex Co. will post 5.99 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio is presently 9.93%.

Wall Street Analyst Weigh In

TEX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Jefferies Financial Group decreased their target price on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Robert W. Baird decreased their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Evercore ISI lowered their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Citigroup lowered their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. One equities research 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.56.

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.