New England Research & Management Inc. grew its stake in Terex Co. (NYSE:TEX) by 160.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,960 shares of the industrial products company’s stock after buying an additional 10,450 shares during the period. New England Research & Management Inc.’s holdings in Terex were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of TEX. Sei Investments Co. boosted its holdings in Terex by 19.5% in the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock worth $142,000 after acquiring an additional 619 shares in the last quarter. Clear Perspective Advisors LLC bought a new position in Terex in the second quarter worth approximately $198,000. Pacer Advisors Inc. boosted its holdings in Terex by 450.2% in the third quarter. Pacer Advisors Inc. now owns 4,446 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 3,638 shares in the last quarter. Invictus RG boosted its holdings in Terex by 95.4% in the third quarter. Invictus RG now owns 4,618 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 2,255 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new position in Terex in the second quarter worth approximately $210,000. 96.86% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on TEX shares. Deutsche Bank lowered Terex from a “buy” rating to a “hold” rating and dropped their target price for the company from $44.00 to $43.00 in a report on Thursday, September 21st. Zacks Investment Research lowered Terex from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. UBS Group set a $52.00 target price on Terex and gave the company a “buy” rating in a report on Wednesday, October 11th. Citigroup raised their target price on Terex from $39.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Wells Fargo & Co set a $52.00 target price on Terex and gave the company a “buy” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Terex has a consensus rating of “Hold” and an average price target of $44.71.
Terex Co. (NYSE:TEX) traded up $0.58 during trading hours on Tuesday, reaching $48.80. The company’s stock had a trading volume of 883,500 shares, compared to its average volume of 899,100. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. Terex Co. has a twelve month low of $28.67 and a twelve month high of $48.92. The stock has a market capitalization of $4,170.00, a P/E ratio of -25.42, a P/E/G ratio of 1.94 and a beta of 1.89.
Terex (NYSE:TEX) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.03 billion. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. analysts forecast that Terex Co. will post 1.29 EPS for the current year.
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Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.
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