Brighton Jones LLC Raises Stock Position in Terex Co. (NYSE:TEX)

Brighton Jones LLC boosted its position in shares of Terex Co. (NYSE:TEXGet Rating) by 5.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 12,525 shares of the industrial products company’s stock after purchasing an additional 607 shares during the period. Brighton Jones LLC’s holdings in Terex were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Camden Capital LLC grew its stake in Terex by 5.1% during the fourth quarter. Camden Capital LLC now owns 5,334 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 258 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Terex by 5.7% during the first quarter. Crossmark Global Holdings Inc. now owns 6,294 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 340 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Terex by 2.2% during the first quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock valued at $666,000 after purchasing an additional 400 shares during the last quarter. LVZ Inc. lifted its position in Terex by 9.4% during the first quarter. LVZ Inc. now owns 6,000 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 517 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Terex by 5.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,900 shares of the industrial products company’s stock valued at $424,000 after purchasing an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Terex Stock Up 0.6 %

Shares of Terex stock opened at $34.16 on Friday. The company has a current ratio of 2.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $32.82 and its two-hundred day simple moving average is $34.19. The company has a market cap of $2.32 billion, a P/E ratio of 10.32, a PEG ratio of 0.49 and a beta of 1.60. Terex Co. has a 12-month low of $26.64 and a 12-month high of $51.45.

Terex (NYSE:TEXGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20. Terex had a net margin of 5.73% and a return on equity of 21.46%. During the same quarter in the prior year, the company posted $1.02 EPS. Research analysts anticipate that Terex Co. will post 4.01 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 12th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, August 11th. Terex’s payout ratio is currently 15.71%.

Analyst Ratings Changes

TEX has been the subject of several research analyst reports. Credit Suisse Group lifted their target price on shares of Terex from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Bank of America upgraded shares of Terex from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $41.00 to $38.00 in a report on Friday, May 13th. Citigroup boosted their price objective on shares of Terex from $35.00 to $40.00 in a report on Thursday, August 4th. Morgan Stanley boosted their price objective on shares of Terex from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Terex from $57.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.25.

Terex Profile

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Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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