Fisher Asset Management LLC Boosts Stock Position in Terex Co. (NYSE:TEX)

Fisher Asset Management LLC increased its holdings in shares of Terex Co. (NYSE:TEX) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,848,940 shares of the industrial products company’s stock after buying an additional 4,517 shares during the period. Fisher Asset Management LLC’s holdings in Terex were worth $97,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC lifted its holdings in Terex by 0.3% during the third quarter. Greenwich Wealth Management LLC now owns 62,371 shares of the industrial products company’s stock valued at $3,300,000 after purchasing an additional 181 shares in the last quarter. Dorsey Wright & Associates lifted its stake in Terex by 0.3% in the 2nd quarter. Dorsey Wright & Associates now owns 61,309 shares of the industrial products company’s stock valued at $3,362,000 after buying an additional 186 shares in the last quarter. Blue Trust Inc. boosted its holdings in Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock worth $28,000 after buying an additional 187 shares during the last quarter. FCG Investment Co increased its stake in Terex by 3.5% during the 2nd quarter. FCG Investment Co now owns 6,534 shares of the industrial products company’s stock worth $358,000 after buying an additional 220 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Terex by 4.0% during the third quarter. US Bancorp DE now owns 5,837 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TEX. 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 note on Monday, October 14th. Robert W. Baird dropped their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Evercore ISI reduced their target price on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. The Goldman Sachs Group lowered their price target on shares of Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Finally, Truist Financial raised their target price on shares of Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Terex has an average rating of “Hold” and an average target price of $59.56.

Terex Stock Performance

Shares of Terex stock opened at $56.03 on Tuesday. The business has a 50-day simple moving average of $53.49 and a 200-day simple moving average of $55.38. The company has a market cap of $3.74 billion, a PE ratio of 8.18, a P/E/G ratio of 4.34 and a beta of 1.53. Terex Co. has a one year low of $48.11 and a one year high of $68.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39.

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

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 yield of 1.21%. The ex-dividend date is Friday, November 8th. Terex’s dividend payout ratio (DPR) is 9.93%.

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.