Easterly Investment Partners LLC Has $1.27 Million Stock Holdings in Terex Corporation (NYSE:TEX)

Easterly Investment Partners LLC raised its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 42.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,686 shares of the industrial products company's stock after buying an additional 10,000 shares during the quarter. Easterly Investment Partners LLC owned about 0.05% of Terex worth $1,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEX. Jones Financial Companies Lllp acquired a new stake in Terex during the fourth quarter valued at approximately $31,000. Proficio Capital Partners LLC acquired a new stake in shares of Terex during the 4th quarter worth approximately $1,424,000. Raymond James Financial Inc. acquired a new stake in shares of Terex during the 4th quarter worth approximately $2,291,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Terex by 21.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,779 shares of the industrial products company's stock worth $868,000 after purchasing an additional 3,379 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of Terex during the 4th quarter worth approximately $288,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Performance

TEX stock traded down $1.16 on Friday, reaching $49.42. The company's stock had a trading volume of 579,682 shares, compared to its average volume of 914,281. The firm has a fifty day moving average of $47.46 and a two-hundred day moving average of $43.42. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.11 and a quick ratio of 1.07. The company has a market capitalization of $3.28 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 5.26 and a beta of 1.58. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $68.08.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.26. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. Terex had a return on equity of 18.79% and a net margin of 4.89%. The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company posted $1.60 EPS. As a group, analysts predict that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, August 11th. Terex's payout ratio is currently 18.53%.

Analysts Set New Price Targets

TEX has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Truist Financial increased their price target on Terex from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Morgan Stanley dropped their price target on Terex from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Citigroup dropped their price target on Terex from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird upgraded Terex from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Terex currently has an average rating of "Moderate Buy" and a consensus price target of $51.44.

Insider Transactions at Terex

In other Terex news, insider Joshua Gross sold 5,389 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the transaction, the insider directly owned 38,755 shares of the company's stock, valued at approximately $1,579,266.25. This trade represents a 12.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.