2 weeks Ago By Defense World Staff
Thrivent Financial for Lutherans cut its stake in Terex Co. ( NYSE:TEX – Free Report ) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 59,229 shares of the industrial products company’s stock after selling 12,571 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of Terex worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC raised its stake in shares of Terex by 2.6% during the 1st quarter.
Clearbridge Investments LLC now owns 351,153 shares of the industrial products company’s stock worth $22,614,000 after purchasing an additional 8,908 shares in the last quarter. TCW Group Inc. bought a new position in Terex during the second quarter valued at approximately $566,000.
Russell Investments Group Ltd. lifted its stake in Terex by 11.5% in the first quarter.
Russell Investments Group Ltd. now owns 316,692 shares of the industrial products company’s stock valued at $20,395,000 after acquiring an additional 32,630 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Terex by 26.
4% in the first quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company’s stock worth $6,809,000 after acquiring an additional 22,291 shares in the last quarter. Finally, Connectus Wealth LLC acquired a new position in shares of Terex during the 4th quarter worth $1,872,000.
92.88% of the stock is currently owned by hedge funds and other institutional investors. Terex Trading Up 1.
3 % Shares of Terex stock opened at $52.74 on Monday. Terex Co.
has a 1 year low of $43.70 and a 1 year high of $68.08.
The company’s fifty day simple moving average is $55.41 and its 200-day simple moving average is $57.63.
The company has a market cap of $3.55 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 4.
44 and a beta of 1.53. 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 Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 9th were issued a dividend of $0.17 per share.
This represents a $0.68 annualized dividend and a dividend yield of 1.29%.
The ex-dividend date of this dividend was Friday, August 9th. Terex’s payout ratio is presently 9.01%.
Analyst Ratings Changes A number of equities research analysts recently issued reports on the stock. Raymond James assumed coverage on shares of Terex in a report on Friday, June 28th. They issued a “market perform” rating for the company.
Citigroup decreased their price target on Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd.
JPMorgan Chase & Co. increased their price objective on Terex from $59.00 to $65.
00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group reduced their target price on Terex from $72.00 to $62.
00 and set a “neutral” rating for the company in a report on Friday, September 20th. Finally, Evercore ISI lowered their price target on Terex from $67.00 to $59.
00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.
90. View Our Latest Stock Analysis on TEX Insider Activity at Terex In other Terex news, Director Andra Rush acquired 2,205 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $54.
36 per share, for a total transaction of $119,863.80. Following the purchase, the director now owns 21,983 shares in the company, valued at approximately $1,194,995.
88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . 1.
90% of the stock is currently owned by corporate insiders. About Terex ( Free Report ) 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. See Also Five stocks we like better than Terex Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? Simon Property REIT: A Safe Bet for Growth and Steady Dividends Business Services Stocks Investing CarMax’s Impressive Rally: What Investors Should Watch Next How to Calculate Options Profits MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter .
.
