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

Segall Bryant & Hamill LLC reduced 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 institutional investor owned 97,315 shares of the industrial products company’s stock after selling 620 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Terex were worth $5,149,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TCW Group Inc. bought a new stake in shares of Terex in the 2nd quarter valued at about $566,000. DekaBank Deutsche Girozentrale increased its position in Terex by 26.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 106,849 shares of the industrial products company’s stock worth $6,809,000 after buying an additional 22,291 shares during the last quarter. Chartwell Investment Partners LLC bought a new stake in Terex in the third quarter valued at approximately $559,000. Edgestream Partners L.P. lifted its position in shares of Terex by 181.6% in the second quarter. Edgestream Partners L.P. now owns 68,898 shares of the industrial products company’s stock valued at $3,778,000 after buying an additional 44,432 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Terex by 18.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,837,563 shares of the industrial products company’s stock worth $99,045,000 after acquiring an additional 285,750 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TEX. Robert W. Baird dropped their price target on Terex from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Evercore ISI dropped their price objective 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. Citigroup reduced their target price on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. Truist Financial increased their price target on shares of Terex from $62.00 to $65.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, October 14th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.56.

Terex Trading Up 1.7 %

Shares of TEX stock opened at $53.77 on Friday. The stock has a market cap of $3.59 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 4.15 and a beta of 1.53. Terex Co. has a 1 year low of $48.11 and a 1 year high of $68.08. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $53.43 and a 200 day simple moving average of $55.47.

Terex (NYSE:TEX) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $1.75 EPS. Terex’s quarterly revenue was down 6.0% on a year-over-year basis. On average, research analysts predict that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. Terex’s dividend payout ratio is 9.93%.

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.