Innealta Capital LLC Invests $131,000 in Terex Co. (NYSE:TEX)

Innealta Capital LLC acquired a new position in Terex Co. (NYSE:TEX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,393 shares of the industrial products company’s stock, valued at approximately $131,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 187 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Terex by 202.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 695 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 465 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Terex in the 4th quarter worth about $61,000. Principal Securities Inc. purchased a new position in shares of Terex in the 4th quarter worth about $85,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Terex in the 2nd quarter valued at about $111,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TEX. Jefferies Financial Group lowered their target price on Terex from $68.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Truist Financial boosted their target price on Terex from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Evercore ISI lowered their target price on Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Robert W. Baird upped their price target on Terex from $58.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on Terex from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.30.

Terex Stock Up 0.9 %

Shares of NYSE:TEX traded up $0.48 during trading on Friday, hitting $56.77. The stock had a trading volume of 491,452 shares, compared to its average volume of 821,927. Terex Co. has a 12 month low of $43.70 and a 12 month high of $68.08. The company has a market capitalization of $3.80 billion, a PE ratio of 7.42, a PEG ratio of 3.83 and a beta of 1.57. The firm’s fifty day moving average is $56.26 and its 200 day moving average is $58.17. The company has a quick ratio of 1.07, a current ratio of 2.21 and a debt-to-equity ratio of 0.36.

Terex (NYSE:TEX) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.10. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. Terex had a return on equity of 27.89% and a net margin of 9.55%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.35 EPS. Analysts anticipate that Terex Co. will post 7.22 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 9th. This represents a $0.68 annualized dividend and a yield of 1.20%. Terex’s dividend payout ratio is 9.01%.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush bought 2,205 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

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.