Terex Co. (NYSE:TEX) Stock Holdings Raised by Leuthold Group LLC

Leuthold Group LLC lifted its stake in shares of Terex Co. (NYSE:TEX) by 9.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,665 shares of the industrial products company’s stock after buying an additional 4,203 shares during the quarter. Leuthold Group LLC’s holdings in Terex were worth $2,669,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Terex by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,812,383 shares of the industrial products company’s stock worth $154,224,000 after buying an additional 109,885 shares during the last quarter. Greenhaven Associates Inc. increased its holdings in shares of Terex by 1.6% in the 2nd quarter. Greenhaven Associates Inc. now owns 1,499,671 shares of the industrial products company’s stock valued at $82,242,000 after acquiring an additional 23,371 shares during the last quarter. American Century Companies Inc. raised its position in shares of Terex by 25.6% during the 2nd quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock valued at $72,538,000 after acquiring an additional 269,777 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Terex by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 790,118 shares of the industrial products company’s stock worth $43,330,000 after purchasing an additional 26,377 shares during the last quarter. Finally, Norges Bank acquired a new position in Terex in the fourth quarter worth $42,606,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Down 3.6 %

Shares of Terex stock opened at $53.83 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.21 and a quick ratio of 1.07. Terex Co. has a 1-year low of $43.70 and a 1-year high of $68.08. The business’s fifty day moving average price is $56.02 and its two-hundred day moving average price is $57.89. The company has a market capitalization of $3.60 billion, a P/E ratio of 7.13, a PEG ratio of 3.61 and a beta of 1.53.

Terex (NYSE:TEX) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.10. The business 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%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.35 earnings per share. As a group, research analysts forecast that Terex Co. will post 7.21 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 9th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, August 9th. Terex’s dividend payout ratio (DPR) is presently 9.01%.

Insider Activity at Terex

In other news, Director Andra Rush bought 2,205 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the transaction, the director now directly owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TEX. Raymond James initiated coverage on shares of Terex in a report on Friday, June 28th. They set a “market perform” rating on the stock. Truist Financial increased their price objective on shares of Terex from $68.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group decreased their target price on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Citigroup started coverage on Terex in a research report on Wednesday, June 26th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Terex from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $63.30.

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.