Easterly Investment Partners LLC Grows Stock Position in Terex Corporation (NYSE:TEX)

Easterly Investment Partners LLC lifted its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 42.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,686 shares of the industrial products company's stock after acquiring an additional 10,000 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.05% of Terex worth $1,273,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. UMB Bank n.a. raised its stake in Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 332 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Terex in the fourth quarter worth $29,000. Private Trust Co. NA lifted its stake in Terex by 128.0% during the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 434 shares during the period. Jones Financial Companies Lllp purchased a new stake in Terex during the fourth quarter valued at $31,000. Finally, Hexagon Capital Partners LLC raised its position in Terex by 56.9% in the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company's stock worth $32,000 after acquiring an additional 307 shares during the period. 92.88% of the stock is owned by institutional investors.

Terex Stock Down 2.0%

Shares of NYSE:TEX traded down $0.99 during trading on Monday, reaching $48.37. 884,143 shares of the company traded hands, compared to its average volume of 914,462. The firm has a fifty day simple moving average of $47.46 and a 200 day simple moving average of $43.39. The company has a quick ratio of 1.07, a current ratio of 2.11 and a debt-to-equity ratio of 1.40. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $68.08. The firm has a market cap of $3.21 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 5.16 and a beta of 1.58.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 4.89% and a return on equity of 18.79%. The company's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. Analysts anticipate that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Monday, August 11th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insider Activity

In other Terex news, insider Joshua Gross sold 5,389 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 38,755 shares in the company, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TEX shares. Truist Financial raised their target price on shares of Terex from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group upgraded Terex from a "neutral" rating to a "buy" rating and upped their price target for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Citigroup decreased their price objective on shares of Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Evercore ISI upped their price objective on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Terex presently has an average rating of "Moderate Buy" and a consensus price target of $51.44.

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.