12,419 Shares in Terex Corporation $TEX Purchased by One Way Holdings LLC

One Way Holdings LLC acquired a new position in shares of Terex Corporation (NYSE:TEX) in the 3rd quarter, HoldingsChannel reports. The fund acquired 12,419 shares of the industrial products company’s stock, valued at approximately $653,000.

Other hedge funds also recently modified their holdings of the company. Greenleaf Trust lifted its position in shares of Terex by 5.2% during the 3rd quarter. Greenleaf Trust now owns 4,498 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 224 shares during the period. State of Wyoming grew its holdings in Terex by 121.1% in the third quarter. State of Wyoming now owns 7,434 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 4,072 shares during the period. Moody Aldrich Partners LLC grew its holdings in Terex by 4.2% in the third quarter. Moody Aldrich Partners LLC now owns 82,579 shares of the industrial products company’s stock worth $4,344,000 after purchasing an additional 3,309 shares during the period. Verdence Capital Advisors LLC grew its holdings in Terex by 1.3% in the third quarter. Verdence Capital Advisors LLC now owns 20,720 shares of the industrial products company’s stock worth $1,090,000 after purchasing an additional 267 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in Terex by 4.3% in the third quarter. Pinnacle Associates Ltd. now owns 20,556 shares of the industrial products company’s stock worth $1,081,000 after purchasing an additional 849 shares during the period. Institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TEX. Wall Street Zen downgraded shares of Terex from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Thursday, October 15th. Citigroup reduced their target price on Terex from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Wells Fargo & Company reduced their target price on Terex from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 26th. Finally, JPMorgan Chase & Co. decreased their target price on Terex from $68.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Terex has a consensus rating of “Moderate Buy” and an average price target of $74.73.

Terex Price Performance

Shares of NYSE:TEX opened at $57.57 on Tuesday. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The stock’s 50 day moving average is $57.04 and its 200-day moving average is $61.86. The company has a quick ratio of 0.93, a current ratio of 1.76 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 0.98 and a beta of 1.47.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.16 billion. Terex had a net margin of 2.64% and a return on equity of 11.79%. Terex’s revenue was up 58.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 EPS. Sell-side analysts forecast that Terex Corporation will post 4.93 EPS for the current fiscal year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 9th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 9th. Terex’s dividend payout ratio (DPR) is 34.34%.

Terex Company Profile

Terex Corporation (NYSE:TEX) is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling and material processing. The company designs and produces machinery intended to help customers build, maintain and improve transportation networks, commercial sites, utility systems and industrial facilities.

Terex operates primarily through its Aerial Work Platforms and Materials Processing businesses. Its products include aerial lifts, telehandlers and other access equipment, as well as crushing, screening, conveying, washing, recycling and environmental-processing machinery.