One Way Holdings LLC Makes New Investment in Terex Corporation $TEX

One Way Holdings LLC acquired a new position in Terex Corporation (NYSE:TEX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,419 shares of the industrial products company’s stock, valued at approximately $653,000.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in Terex during the 2nd quarter worth $1,063,541,000. Dimensional Fund Advisors LP lifted its holdings in Terex by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after buying an additional 1,008,444 shares during the period. Freestone Grove Partners LP acquired a new position in Terex during the 2nd quarter worth about $116,558,000. Arrowstreet Capital Limited Partnership grew its position in shares of Terex by 11,448.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after buying an additional 1,228,196 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Terex in the 2nd quarter valued at about $68,204,000. Institutional investors own 92.88% of the company’s stock.

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 firm has a fifty day simple moving average of $57.04 and a 200 day simple moving average of $61.86. The company has a market capitalization of $6.58 billion, a PE ratio of 29.08, a P/E/G ratio of 0.98 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 1.76 and a debt-to-equity ratio of 0.52.

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

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders 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 payout ratio is currently 34.34%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TEX shares. Wall Street Zen cut Terex from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Morgan Stanley cut their price objective on Terex from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Truist Financial reaffirmed a “buy” rating and issued a $87.00 price objective (up from $85.00) on shares of Terex in a research note on Thursday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Thursday, October 15th. Finally, Barclays increased their target price on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.73.

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.