Terex Co. (NYSE:TEX) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. reduced its position in Terex Co. (NYSE:TEX) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,370 shares of the industrial products company’s stock after selling 1,674 shares during the quarter. Cozad Asset Management Inc.’s holdings in Terex were worth $1,607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in shares of Terex in the first quarter valued at approximately $24,429,000. Curated Wealth Partners LLC boosted its position in Terex by 200.0% in the 2nd quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock valued at $9,702,000 after buying an additional 353,844 shares during the period. AQR Capital Management LLC grew its stake in shares of Terex by 18.4% in the second quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock worth $99,045,000 after acquiring an additional 285,750 shares in the last quarter. American Century Companies Inc. increased its position in shares of Terex by 25.6% during the second quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock worth $72,538,000 after acquiring an additional 269,777 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Terex by 169.0% in the second quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company’s stock valued at $14,526,000 after acquiring an additional 166,429 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group lowered their target price on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Jefferies Financial Group reduced their target price on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Truist Financial boosted their price target on shares of Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Monday. Citigroup dropped their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.56.

Terex Price Performance

Shares of NYSE:TEX opened at $56.32 on Friday. Terex Co. has a 12 month low of $47.30 and a 12 month high of $68.08. The firm has a market capitalization of $3.76 billion, a P/E ratio of 8.22, a P/E/G ratio of 4.19 and a beta of 1.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.16. The company’s fifty day moving average price is $53.20 and its 200 day moving average price is $55.93.

Terex (NYSE:TEX) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $1.21 billion for 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%. The business’s 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 earnings per share. As a group, sell-side analysts predict that Terex Co. will post 5.99 earnings per share for the current fiscal year.

Terex Announces Dividend

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

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.