Mirae Asset Global Investments Co. Ltd. Has $13.57 Million Stock Position in Terex Co. (NYSE:TEX)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Terex Co. (NYSE:TEXGet Rating) by 4.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 380,588 shares of the industrial products company’s stock after selling 15,668 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.55% of Terex worth $13,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TEX. Icon Advisers Inc. Co. bought a new stake in shares of Terex in the 1st quarter valued at $5,014,000. M Holdings Securities Inc. bought a new stake in shares of Terex in the 1st quarter valued at $400,000. Advisors Asset Management Inc. boosted its stake in shares of Terex by 12.4% in the 1st quarter. Advisors Asset Management Inc. now owns 23,580 shares of the industrial products company’s stock valued at $841,000 after purchasing an additional 2,595 shares during the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Terex by 318.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 6,453 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 4,911 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Terex in the 1st quarter valued at $60,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Performance

Shares of TEX stock opened at $33.53 on Tuesday. The firm has a 50-day moving average of $33.67 and a 200-day moving average of $33.81. The company has a market cap of $2.27 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.47 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.00 and a quick ratio of 0.99. Terex Co. has a one year low of $26.64 and a one year high of $51.45.

Terex (NYSE:TEXGet Rating) last announced its earnings results on Tuesday, August 2nd. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $1.02 earnings per share. Equities research analysts forecast that Terex Co. will post 4.01 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.55%. Terex’s dividend payout ratio (DPR) is presently 15.71%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TEX shares. Morgan Stanley upped their price objective on shares of Terex from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. JPMorgan Chase & Co. cut their target price on shares of Terex from $57.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Citigroup increased their target price on shares of Terex from $35.00 to $40.00 in a research note on Thursday, August 4th. TheStreet lowered shares of Terex from a “b-” rating to a “c+” rating in a research note on Thursday, July 7th. Finally, The Goldman Sachs Group increased their target price on shares of Terex from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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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