Quantinno Capital Management LP Purchases 1,744 Shares of Terex Co. (NYSE:TEX)

Quantinno Capital Management LP lifted its position in Terex Co. (NYSE:TEX) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,664 shares of the industrial products company’s stock after buying an additional 1,744 shares during the period. Quantinno Capital Management LP’s holdings in Terex were worth $458,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Terex by 57.5% in the 2nd quarter. Blue Trust Inc. now owns 512 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Terex during the third quarter valued at $41,000. Farther Finance Advisors LLC increased its holdings in Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after buying an additional 504 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Terex in the 2nd quarter worth about $109,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TEX shares. JPMorgan Chase & Co. reduced their price target on shares of 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 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. Truist Financial boosted their target price on shares of Terex from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group dropped their price target on Terex from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Finally, Citigroup lowered their target price on Terex from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Terex presently has an average rating of “Hold” and a consensus target price of $59.56.

Insider Buying and Selling

In related news, Director David A. Sachs bought 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $51.30 per share, with a total value of $513,000.00. Following the completion of the acquisition, the director now owns 107,500 shares of the company’s stock, valued at $5,514,750. This represents a 10.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Simon Meester sold 9,877 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the transaction, the chief executive officer now owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Terex Stock Performance

NYSE:TEX opened at $49.55 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The stock has a 50-day simple moving average of $53.61 and a two-hundred day simple moving average of $54.59. The firm has a market capitalization of $3.31 billion, a PE ratio of 7.23, a P/E/G ratio of 4.09 and a beta of 1.53. Terex Co. has a 52-week low of $48.11 and a 52-week high of $68.08.

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

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. 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.