Creative Planning Has $1.06 Million Stock Position in Terex Co. (NYSE:TEX)

Creative Planning increased its stake in shares of Terex Co. (NYSE:TEX) by 15.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,998 shares of the industrial products company’s stock after buying an additional 2,664 shares during the period. Creative Planning’s holdings in Terex were worth $1,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Terex by 24.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,300 shares of the industrial products company’s stock worth $1,762,000 after buying an additional 6,600 shares in the last quarter. GAMMA Investing LLC lifted its position in Terex by 83.3% during the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after buying an additional 335 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Terex during the 2nd quarter worth about $590,000. New Century Financial Group LLC acquired a new position in Terex during the 2nd quarter worth about $275,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Terex by 15.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,928 shares of the industrial products company’s stock worth $161,000 after buying an additional 397 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

Shares of TEX stock opened at $51.71 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. The stock has a market cap of $3.46 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 4.47 and a beta of 1.53. The stock has a 50-day moving average of $53.37 and a 200-day moving average of $56.17. Terex Co. has a one year low of $44.38 and a one year high of $68.08.

Terex (NYSE:TEX) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.19. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. Terex’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 EPS. As a group, sell-side analysts expect that Terex Co. will post 5.89 earnings per share for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be paid a $0.17 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. Terex’s dividend payout ratio (DPR) is presently 9.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TEX. JPMorgan Chase & Co. reduced their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Truist Financial cut their target price on shares of Terex from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI cut their target price on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group cut their target price on shares of Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.22.

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.