Terex Co. (NYSE:TEX) Shares Bought by Creative Planning

Creative Planning grew its stake in shares of Terex Co. (NYSE:TEX) by 18.5% in the second quarter, Holdings Channel.com reports. The fund owned 17,334 shares of the industrial products company’s stock after buying an additional 2,708 shares during the quarter. Creative Planning’s holdings in Terex were worth $951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TEX. HM Payson & Co. purchased a new stake in shares of Terex in the first quarter valued at $24,429,000. Curated Wealth Partners LLC lifted its holdings in shares of Terex by 200.0% in the second quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock valued at $9,702,000 after purchasing an additional 353,844 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Terex by 18.4% in 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 purchasing an additional 285,750 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Terex by 25.6% in the second quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock valued at $72,538,000 after purchasing an additional 269,777 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Terex by 169.0% in the second quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company’s stock valued at $14,526,000 after purchasing an additional 166,429 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TEX shares. Truist Financial reduced their target price on Terex from $63.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday. Raymond James began coverage on shares of Terex in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Jefferies Financial Group cut their target price on Terex from $68.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Citigroup cut their target price on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $60.60.

Terex Stock Down 0.7 %

TEX stock opened at $53.11 on Friday. Terex Co. has a twelve month low of $43.70 and a twelve month high of $68.08. The company has a market cap of $3.57 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 4.29 and a beta of 1.53. The business’s 50-day simple moving average is $53.26 and its 200 day simple moving average is $57.18. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. Terex had a return on equity of 27.89% and a net margin of 9.55%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business earned $2.35 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that Terex Co. will post 5.88 earnings per share for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 9th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, August 9th. Terex’s payout ratio is 9.01%.

Insider Buying and Selling at Terex

In related news, Director Andra Rush acquired 2,205 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $54.36 per share, with a total value of $119,863.80. Following the completion of the acquisition, the director now owns 21,983 shares of the company’s stock, valued at $1,194,995.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

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.