UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 2,401 Shares of Terex Co. (NYSE:TEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Terex Co. (NYSE:TEX) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,670 shares of the industrial products company’s stock after purchasing an additional 2,401 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Terex were worth $8,554,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Cetera Advisors LLC acquired a new position in Terex during the first quarter valued at approximately $287,000. CWM LLC lifted its stake in Terex by 65.8% during the second quarter. CWM LLC now owns 3,120 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,238 shares during the last quarter. SG Americas Securities LLC lifted its stake in Terex by 425.2% during the second quarter. SG Americas Securities LLC now owns 25,026 shares of the industrial products company’s stock worth $1,372,000 after purchasing an additional 20,261 shares during the last quarter. Diversified Trust Co lifted its stake in Terex by 27.6% during the second quarter. Diversified Trust Co now owns 4,441 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 961 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Terex by 6.5% during the second quarter. V Square Quantitative Management LLC now owns 7,398 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 450 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Stock Performance

NYSE TEX opened at $52.54 on Tuesday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 4.28 and a beta of 1.53. Terex Co. has a twelve month low of $48.11 and a twelve month high of $68.08. The stock has a fifty day simple moving average of $53.69 and a 200 day simple moving average of $54.84. The company has a quick ratio of 1.16, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

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

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be issued a $0.17 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.29%. Terex’s payout ratio is 9.93%.

Analyst Ratings Changes

Several equities research analysts have weighed in on TEX shares. The Goldman Sachs Group cut their target price on Terex from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Truist Financial upped their target price on Terex from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. cut their target price on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Robert W. Baird dropped their price target on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Evercore ISI dropped their price target on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Terex has an average rating of “Hold” and an average price target of $59.56.

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.