IQ EQ FUND MANAGEMENT IRELAND Ltd Invests $784,000 in Terex Co. (NYSE:TEX)

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of Terex Co. (NYSE:TEX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,969 shares of the industrial products company’s stock, valued at approximately $784,000.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Terex during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC grew its position in shares of Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex in the third quarter valued at approximately $40,000. Truvestments Capital LLC acquired a new stake in Terex in the 3rd quarter valued at approximately $41,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Terex during the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore ISI cut their target price on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup decreased their price objective on Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Truist Financial decreased their target price on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Terex from $51.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Terex has an average rating of “Hold” and an average price target of $54.22.

Terex Stock Down 0.7 %

Shares of NYSE:TEX opened at $40.10 on Friday. Terex Co. has a one year low of $36.15 and a one year high of $68.08. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 4.53 and a beta of 1.56. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company has a 50 day moving average of $43.62 and a 200-day moving average of $48.62.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the firm earned $1.88 earnings per share. On average, sell-side analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio is currently 13.71%.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush bought 1,325 shares of Terex stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the acquisition, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Terex Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.