State of New Jersey Frequent Pension Fund D trimmed its place in shares of Terex Co. (NYSE:TEX – Free Report) by 37.6% throughout the second quarter, based on its most up-to-date disclosure with the Securities and Change Fee. The institutional investor owned 31,984 shares of the economic merchandise firm’s inventory after promoting 19,255 shares throughout the quarter. State of New Jersey Frequent Pension Fund D’s holdings in Terex have been value $1,754,000 as of its most up-to-date SEC submitting.
A variety of different hedge funds have additionally not too long ago made modifications to their positions within the firm. Blue Belief Inc. raised its holdings in Terex by 57.5% within the 2nd quarter. Blue Belief Inc. now owns 512 shares of the economic merchandise firm’s inventory valued at $28,000 after shopping for an extra 187 shares over the past quarter. FinTrust Capital Advisors LLC raised its stake in shares of Terex by 202.2% throughout the first quarter. FinTrust Capital Advisors LLC now owns 695 shares of the economic merchandise firm’s inventory valued at $45,000 after buying an extra 465 shares over the past quarter. OLD Level Belief & Monetary Companies N A purchased a brand new stake in shares of Terex within the fourth quarter value $61,000. Worldwide Belongings Funding Administration LLC purchased a brand new stake in shares of Terex within the second quarter value $109,000. Lastly, 1620 Funding Advisors Inc. acquired a brand new stake in Terex within the second quarter valued at $111,000. 92.88% of the inventory is owned by institutional buyers and hedge funds.
Analysts Set New Value Targets
TEX has been the subject of a number of current analysis studies. Raymond James began protection on Terex in a report on Friday, June twenty eighth. They set a “market carry out” score on the inventory. Truist Monetary lower their value goal on Terex from $74.00 to $63.00 and set a “purchase” score on the inventory in a analysis notice on Friday, September twentieth. Robert W. Baird elevated their goal value on shares of Terex from $58.00 to $67.00 and gave the corporate a “impartial” score in a analysis report on Monday, July twenty second. Citigroup dropped their value goal on shares of Terex from $60.00 to $57.00 and set a “impartial” score on the inventory in a analysis report on Monday. Lastly, JPMorgan Chase & Co. elevated their value goal on shares of Terex from $59.00 to $65.00 and gave the inventory a “impartial” score in a analysis report on Tuesday, July twenty third. One analyst has rated the inventory with a promote score, 9 have given a maintain score and two have issued a purchase score to the inventory. In line with MarketBeat.com, the corporate presently has a consensus score of “Maintain” and a mean goal value of $60.90.
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Terex Inventory Up 1.5 %
Shares of NYSE TEX opened at $53.28 on Wednesday. The corporate has a fast ratio of 1.07, a present ratio of two.21 and a debt-to-equity ratio of 0.36. The agency has a market cap of $3.59 billion, a PE ratio of seven.06, a P/E/G ratio of three.61 and a beta of 1.53. The corporate’s fifty day easy transferring common is $55.75 and its 200 day easy transferring common is $57.75. Terex Co. has a 12-month low of $43.70 and a 12-month excessive of $68.08.
Terex (NYSE:TEX – Get Free Report) final launched its quarterly earnings knowledge on Tuesday, July thirtieth. The commercial merchandise firm reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.10. Terex had a internet margin of 9.55% and a return on fairness of 27.89%. The corporate had income of $1.38 billion for the quarter, in comparison with analysts’ expectations of $1.43 billion. Throughout the identical quarter within the prior 12 months, the agency earned $2.35 EPS. The enterprise’s income was down 1.5% on a year-over-year foundation. As a gaggle, sell-side analysts forecast that Terex Co. will submit 7.21 earnings per share for the present fiscal 12 months.
Terex Broadcasts Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, September nineteenth. Stockholders of report on Friday, August ninth got a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized foundation and a dividend yield of 1.28%. The ex-dividend date was Friday, August ninth. Terex’s payout ratio is 9.01%.
Insider Shopping for and Promoting
In different Terex information, Director Andra Rush bought 2,205 shares of the agency’s inventory in a transaction on Friday, August 2nd. The inventory was acquired at a mean value of $54.36 per share, for a complete transaction of $119,863.80. Following the acquisition, the director now owns 21,983 shares of the corporate’s inventory, valued at roughly $1,194,995.88. The acquisition was disclosed in a submitting with the Securities & Change Fee, which is accessible via this hyperlink. 1.90% of the inventory is owned by firm insiders.
Terex Firm Profile
Terex Company manufactures and sells aerial work platforms and supplies processing equipment worldwide. It operates in two segments, Supplies Processing (MP) and Aerial Work Platforms (AWP). The MP section designs, manufactures, companies, and markets supplies processing and specialty tools, consists of crushers, washing techniques, screens, trommels, apron feeders, materials handlers, decide and carry cranes, tough terrain cranes, tower cranes, wooden processing, biomass and recycling tools, concrete mixer vans and concrete pavers, conveyors, and associated parts and substitute components beneath the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Techniques, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Nicely, MDS, and Terex Recycling Techniques manufacturers.
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