Cwm LLC Decreases Stock Holdings in Terex Co. (NYSE:TEX)

Cwm LLC decreased its position in Terex Co. (NYSE:TEX) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,735 shares of the industrial products company’s stock after selling 385 shares during the quarter. Cwm LLC’s holdings in Terex were worth $145,000 at the end of the most recent quarter.

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

Insider Transactions at Terex

In related news, Director Andra Rush bought 2,205 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now owns 21,983 shares of the company’s stock, valued at approximately $1,194,995.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TEX shares. Raymond James assumed coverage on shares of Terex in a report on Friday, June 28th. They set a “market perform” rating on the stock. Truist Financial dropped their price objective on shares of Terex from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI lowered their target price on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Robert W. Baird increased their target price on Terex from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group reduced their price target on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.33.

Terex Trading Up 0.1 %

Terex stock opened at $52.94 on Friday. Terex Co. has a 52-week low of $43.70 and a 52-week high of $68.08. The company has a market cap of $3.54 billion, a P/E ratio of 7.26, a P/E/G ratio of 4.49 and a beta of 1.53. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $53.44 and a two-hundred day simple moving average of $56.56.

Terex (NYSE:TEX) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. Terex had a net margin of 9.55% and a return on equity of 27.89%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $2.35 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Analysts predict that Terex Co. will post 5.89 EPS for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, November 8th. Terex’s payout ratio is 9.33%.

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.