778 Shares in Terex Co. (NYSE:TEX) Purchased by Truvestments Capital LLC

Truvestments Capital LLC acquired a new position in Terex Co. (NYSE:TEX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 778 shares of the industrial products company’s stock, valued at approximately $41,000.

A number of other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Terex in the 3rd quarter worth about $293,000. Cerity Partners LLC increased its stake in Terex by 331.8% during the 3rd quarter. Cerity Partners LLC now owns 24,725 shares of the industrial products company’s stock valued at $1,308,000 after buying an additional 18,999 shares during the period. Citigroup Inc. increased its stake in Terex by 65.6% during the 3rd quarter. Citigroup Inc. now owns 70,443 shares of the industrial products company’s stock valued at $3,727,000 after buying an additional 27,896 shares during the period. Integrated Investment Consultants LLC acquired a new position in Terex during the 3rd quarter valued at about $971,000. Finally, Foundry Partners LLC acquired a new position in Terex during the 3rd quarter valued at about $3,881,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TEX shares. The Goldman Sachs Group lowered their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Robert W. Baird lowered their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Truist Financial raised their target price on shares of Terex from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Evercore ISI reduced 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. Finally, Citigroup reduced their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.56.

Terex Stock Performance

Shares of TEX opened at $54.27 on Thursday. Terex Co. has a one year low of $48.11 and a one year high of $68.08. The company has a 50-day moving average of $53.46 and a two-hundred day moving average of $55.32. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 4.52 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.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. Terex had a net margin of 9.08% and a return on equity of 24.92%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts expect that Terex Co. will post 6.07 earnings per share for the current year.

Terex Announces Dividend

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 dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, November 8th. Terex’s payout ratio is 9.93%.

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.