Segall Bryant & Hamill LLC Sells 620 Shares of Terex Co. (NYSE:TEX)

Segall Bryant & Hamill LLC trimmed its position in shares of Terex Co. (NYSE:TEX) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,315 shares of the industrial products company’s stock after selling 620 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.15% of Terex worth $5,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TEX. HM Payson & Co. acquired a new position in shares of Terex during the first quarter valued at $24,429,000. Curated Wealth Partners LLC lifted its position in Terex by 200.0% during the 2nd quarter. Curated Wealth Partners LLC now owns 176,922 shares of the industrial products company’s stock valued at $9,702,000 after purchasing an additional 353,844 shares during the period. AQR Capital Management LLC boosted its stake in shares of Terex by 18.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock valued at $99,045,000 after purchasing an additional 285,750 shares during the last quarter. American Century Companies Inc. grew its position in shares of Terex by 25.6% during the 2nd quarter. American Century Companies Inc. now owns 1,322,729 shares of the industrial products company’s stock worth $72,538,000 after buying an additional 269,777 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Terex by 169.0% during the second quarter. Millennium Management LLC now owns 264,885 shares of the industrial products company’s stock worth $14,526,000 after buying an additional 166,429 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TEX shares. Truist Financial upped their price objective on Terex from $62.00 to $65.00 and gave the company a “buy” rating in a report on Monday, November 4th. Evercore ISI cut their price target on shares of Terex from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Robert W. Baird lowered their target price on shares of Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group reduced 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, JPMorgan Chase & Co. lowered their price objective on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Terex has a consensus rating of “Hold” and a consensus price target of $59.56.

Terex Stock Up 1.7 %

Shares of Terex stock opened at $53.77 on Friday. Terex Co. has a 52-week low of $48.11 and a 52-week 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. The business’s 50 day simple moving average is $53.43 and its 200 day simple moving average is $55.47. The firm has a market cap of $3.59 billion, a PE ratio of 7.85, a P/E/G ratio of 4.15 and a beta of 1.53.

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

Terex Dividend Announcement

The business 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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, November 8th. Terex’s payout ratio is 9.93%.

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.