Rothschild Investment LLC Acquires Shares of 8,190 Terex Co. (NYSE:TEX)

Rothschild Investment LLC acquired a new stake in shares of Terex Co. (NYSE:TEX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,190 shares of the industrial products company’s stock, valued at approximately $449,000.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its position in shares of Terex by 57.5% during the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 187 shares in the last quarter. FinTrust Capital Advisors LLC lifted its position in shares of Terex by 202.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after buying an additional 465 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new position in shares of Terex in the 4th quarter valued at about $61,000. Principal Securities Inc. bought a new stake in shares of Terex during the 4th quarter valued at about $85,000. Finally, International Assets Investment Management LLC acquired a new stake in Terex during the second quarter worth about $109,000. Institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling at Terex

In other news, Director Andra Rush purchased 2,205 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the transaction, the director now owns 21,983 shares in the company, valued at $1,194,995.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Terex Price Performance

Shares of NYSE TEX opened at $56.77 on Monday. The stock has a market cap of $3.80 billion, a P/E ratio of 7.52, a P/E/G ratio of 3.85 and a beta of 1.57. The firm’s 50-day simple moving average is $56.33 and its 200 day simple moving average is $58.19. Terex Co. has a fifty-two week low of $43.70 and a fifty-two week high of $68.08. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36.

Terex (NYSE:TEX) last released its earnings results on Tuesday, July 30th. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.06 by $0.10. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. Terex’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $2.35 EPS. Equities analysts expect that Terex Co. will post 7.22 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 9th will be given a $0.17 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.20%. Terex’s dividend payout ratio (DPR) is 9.01%.

Analysts Set New Price Targets

TEX has been the subject of several recent research reports. Evercore ISI lowered their target price on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on Terex from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. UBS Group raised their target price on Terex from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Jefferies Financial Group reduced their price target on shares of Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Robert W. Baird increased their price objective on shares of Terex from $58.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Terex presently has an average rating of “Hold” and a consensus target price of $63.30.

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.