Cavalier Investments LLC Grows Holdings in Terex Co. (NYSE:TEX)

Cavalier Investments LLC lifted its holdings in Terex Co. (NYSE:TEX) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,299 shares of the industrial products company’s stock after buying an additional 690 shares during the quarter. Cavalier Investments LLC’s holdings in Terex were worth $598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TEX. AlphaMark Advisors LLC grew its position in shares of Terex by 14.5% in the 1st quarter. AlphaMark Advisors LLC now owns 5,299 shares of the industrial products company’s stock worth $341,000 after buying an additional 670 shares during the period. State of Michigan Retirement System boosted its stake in Terex by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 16,418 shares of the industrial products company’s stock worth $1,057,000 after purchasing an additional 300 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its stake in Terex by 14.0% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 5,638 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 692 shares during the period. Fruth Investment Management bought a new position in shares of Terex in the 1st quarter worth approximately $215,000. Finally, FCG Investment Co increased its holdings in Terex by 4.7% in the 1st quarter. FCG Investment Co now owns 6,314 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 285 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TEX shares. Jefferies Financial Group reduced their target price on shares of Terex from $68.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Truist Financial cut their price objective on shares of Terex from $63.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Robert W. Baird increased their price objective on shares of Terex from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Citigroup cut their price objective on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Terex has an average rating of “Hold” and an average target price of $60.33.

Terex Stock Up 1.5 %

NYSE:TEX opened at $53.77 on Monday. 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 $3.60 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 4.47 and a beta of 1.53. The stock has a fifty day simple moving average of $53.44 and a 200-day simple moving average of $56.36. The company has a current ratio of 2.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Terex (NYSE:TEX) last released its quarterly earnings data 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. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 earnings per share. Analysts anticipate 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 issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. Terex’s dividend payout ratio is presently 9.33%.

Insider Activity

In other Terex news, Director Andra Rush acquired 2,205 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $54.36 per share, for a total transaction of $119,863.80. Following the acquisition, the director now owns 21,983 shares in the company, valued at approximately $1,194,995.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

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.