Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Terex Corporation (NYSE:TEX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Terex Corporation, purchasing 14,268 shares valued at approximately $539,000 in the first quarter.
• A significant number of institutional investors have increased their holdings in Terex, indicating strong confidence in the company's performance—92.88% of the stock is owned by hedge funds and institutional investors.
• Terex reported a beat on earnings per share for the last quarter, posting $1.49 EPS compared to analysts' consensus estimate of $1.44, alongside a year-over-year revenue increase of 7.6%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Terex Corporation (NYSE:TEX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,268 shares of the industrial products company's stock, valued at approximately $539,000.

A number of other hedge funds have also modified their holdings of the stock. Foundry Partners LLC boosted its position in shares of Terex by 0.5% during the first quarter. Foundry Partners LLC now owns 99,445 shares of the industrial products company's stock worth $3,757,000 after purchasing an additional 536 shares in the last quarter. Easterly Investment Partners LLC grew its stake in Terex by 42.2% during the first quarter. Easterly Investment Partners LLC now owns 33,686 shares of the industrial products company's stock valued at $1,273,000 after acquiring an additional 10,000 shares in the last quarter. Victory Capital Management Inc. lifted its position in Terex by 14.0% during the first quarter. Victory Capital Management Inc. now owns 848,839 shares of the industrial products company's stock valued at $32,069,000 after purchasing an additional 104,554 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Terex by 88.8% in the 1st quarter. Signaturefd LLC now owns 2,173 shares of the industrial products company's stock worth $82,000 after acquiring an additional 1,022 shares during the last quarter. Finally, CWM LLC raised its holdings in Terex by 1.5% during the 1st quarter. CWM LLC now owns 76,208 shares of the industrial products company's stock valued at $2,879,000 after buying an additional 1,102 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Price Performance

Shares of TEX traded down $0.98 during mid-day trading on Wednesday, reaching $48.54. The stock had a trading volume of 310,240 shares, compared to its average volume of 966,127. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The business has a fifty day moving average of $48.40 and a 200 day moving average of $43.80. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 4.99 and a beta of 1.62.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $2.16 earnings per share. Terex's revenue was up 7.6% on a year-over-year basis. Equities analysts predict that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 11th. Terex's dividend payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of analyst reports. Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Truist Financial set a $62.00 price target on shares of Terex in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. UBS Group lifted their price target on shares of Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.22.

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.