Royce & Associates LP Has $11.19 Million Position in Terex Co. (NYSE:TEX)

Royce & Associates LP cut its holdings in Terex Co. (NYSE:TEX) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,502 shares of the industrial products company’s stock after selling 39,537 shares during the quarter. Royce & Associates LP owned about 0.32% of Terex worth $11,191,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in Terex by 1.8% in the first quarter. Sei Investments Co. now owns 65,717 shares of the industrial products company’s stock worth $4,232,000 after purchasing an additional 1,185 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Terex by 4.4% during the 1st quarter. QRG Capital Management Inc. now owns 5,566 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 234 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Terex by 4.6% during the 1st quarter. ProShare Advisors LLC now owns 15,229 shares of the industrial products company’s stock valued at $981,000 after acquiring an additional 673 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Terex by 27.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,553 shares of the industrial products company’s stock valued at $1,581,000 after acquiring an additional 5,359 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Terex by 232.7% in the 1st quarter. Covestor Ltd now owns 2,033 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 1,422 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Stock Down 1.1 %

TEX stock opened at $51.98 on Friday. Terex Co. has a twelve month low of $48.11 and a twelve month high of $68.08. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.47 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 4.20 and a beta of 1.53. The business’s 50-day simple moving average is $53.23 and its 200 day simple moving average is $55.64.

Terex (NYSE:TEX) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. Terex’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 EPS. On average, research analysts anticipate that Terex Co. will post 6.07 earnings per share for the current year.

Terex Dividend Announcement

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 issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, November 8th. Terex’s payout ratio is 9.93%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup lowered their price target on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. The Goldman Sachs Group lowered their target price on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Robert W. Baird cut their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on Terex from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Evercore ISI cut their price objective on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $59.56.

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.