Lingohr Asset Management GmbH Purchases 230 Shares of Terex Co. (NYSE:TEX)

Lingohr Asset Management GmbH grew its position in Terex Co. (NYSE:TEX) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,516 shares of the industrial products company’s stock after acquiring an additional 230 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Terex were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearbridge Investments LLC raised its stake in Terex by 2.6% during the first quarter. Clearbridge Investments LLC now owns 351,153 shares of the industrial products company’s stock valued at $22,614,000 after purchasing an additional 8,908 shares in the last quarter. TCW Group Inc. purchased a new position in Terex in the second quarter worth about $566,000. DekaBank Deutsche Girozentrale increased its stake in Terex by 26.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company’s stock worth $6,809,000 after acquiring an additional 22,291 shares during the last quarter. Edgestream Partners L.P. raised its position in Terex by 181.6% during the second quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company’s stock valued at $3,778,000 after purchasing an additional 44,432 shares during the period. Finally, Chartwell Investment Partners LLC bought a new stake in shares of Terex in the 3rd quarter valued at approximately $559,000. 92.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TEX. The Goldman Sachs Group decreased their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Robert W. Baird decreased their price objective on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Evercore ISI cut their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. 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 research report on Monday, October 14th. Finally, Truist Financial upped their target price on shares of Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $59.56.

Terex Trading Up 0.6 %

Shares of NYSE:TEX opened at $52.29 on Tuesday. The company has a market capitalization of $3.49 billion, a PE ratio of 7.63, a P/E/G ratio of 4.20 and a beta of 1.53. 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 business’s fifty day simple moving average is $53.27 and its 200-day simple moving average is $55.61. Terex Co. has a 12-month low of $48.11 and a 12-month high of $68.08.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.15. The company had revenue of $1.21 billion for 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%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. As a group, equities research analysts predict 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. Investors 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 1.30%. The ex-dividend date is Friday, November 8th. Terex’s payout ratio is 9.93%.

Terex Company 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.