Foundry Partners LLC Has $4.57 Million Holdings in Terex Co. (NYSE:TEX)

Foundry Partners LLC grew its stake in Terex Co. (NYSE:TEX) by 34.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,909 shares of the industrial products company’s stock after purchasing an additional 25,556 shares during the quarter. Foundry Partners LLC owned approximately 0.15% of Terex worth $4,572,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TEX. Cascade Investment Advisors Inc. purchased a new position in Terex during the 4th quarter worth $1,070,000. Barclays PLC boosted its holdings in Terex by 40.2% during the third quarter. Barclays PLC now owns 129,250 shares of the industrial products company’s stock worth $6,838,000 after purchasing an additional 37,072 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Terex in the 4th quarter worth about $610,000. Point72 Asset Management L.P. purchased a new stake in Terex in the 3rd quarter valued at about $4,283,000. Finally, J2 Capital Management Inc purchased a new stake in Terex in the 4th quarter valued at about $353,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TEX. Barclays reduced their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group decreased their target price on Terex from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Truist Financial cut their price target on shares of Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup decreased their price objective on shares of Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Terex currently has a consensus rating of “Hold” and a consensus target price of $54.22.

Terex Stock Performance

Shares of TEX stock opened at $34.07 on Friday. Terex Co. has a 12 month low of $32.17 and a 12 month high of $68.08. The stock has a market capitalization of $2.26 billion, a P/E ratio of 6.87, a PEG ratio of 4.53 and a beta of 1.40. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $42.32 and its 200 day moving average is $48.06.

Terex (NYSE:TEX) last posted its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter in the prior year, the company earned $1.88 EPS. On average, sell-side analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, March 7th. Terex’s dividend payout ratio is presently 13.71%.

Insider Transactions at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the purchase, the director now owns 23,308 shares of the company’s stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Terex 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.