Terex Co. (NYSE:TEX) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Terex Co. (NYSE:TEX) by 487.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,037 shares of the industrial products company’s stock after purchasing an additional 23,268 shares during the quarter. Intech Investment Management LLC’s holdings in Terex were worth $1,483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Terex by 57.5% in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Terex by 74.6% in the third quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after buying an additional 504 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Terex in the second quarter valued at approximately $109,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Terex in the second quarter valued at approximately $111,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Trading Up 4.1 %

NYSE:TEX opened at $56.03 on Tuesday. The stock has a fifty day moving average price of $53.49 and a two-hundred day moving average price of $55.38. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 4.34 and a beta of 1.53. 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 Co. has a 1 year low of $48.11 and a 1 year high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings data 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 analysts’ expectations of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. Terex’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.75 earnings per share. As a group, sell-side analysts anticipate that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio (DPR) is 9.93%.

Wall Street Analyst Weigh In

TEX has been the subject of a number of research reports. Evercore ISI reduced their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Citigroup reduced their price objective on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Robert W. Baird cut their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group cut their price target on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their price target on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. One investment 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. According to MarketBeat, the company has an average rating of “Hold” and an average 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.