Vanguard Group Inc. Has $254.99 Million Holdings in Terex Corporation $TEX

Vanguard Group Inc. lifted its holdings in shares of Terex Corporation (NYSE:TEX) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,749,354 shares of the industrial products company’s stock after purchasing an additional 44,254 shares during the quarter. Vanguard Group Inc. owned 10.18% of Terex worth $254,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEX. UMB Bank n.a. increased its stake in Terex by 83.0% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 332 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Terex during the 4th quarter valued at $29,000. Private Trust Co. NA grew its holdings in shares of Terex by 128.0% during the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 434 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Terex by 56.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Terex by 88.1% during the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 424 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Terex

In other news, VP Scott Posner sold 5,000 shares of Terex stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total transaction of $252,500.00. Following the sale, the vice president directly owned 70,308 shares of the company’s stock, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Robert W. Baird raised Terex from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. The Goldman Sachs Group raised Terex from a “neutral” rating to a “buy” rating and increased their target price for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. Wall Street Zen raised Terex from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Truist Financial set a $62.00 target price on Terex in a report on Monday, August 4th. Finally, Baird R W raised Terex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.22.

Terex Stock Performance

NYSE:TEX opened at $50.50 on Tuesday. The stock’s 50-day simple moving average is $49.15 and its 200 day simple moving average is $43.88. The firm has a market capitalization of $3.31 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 5.07 and a beta of 1.62. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $58.66.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.05. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%. Terex’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $2.16 earnings per share. On average, analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 11th. Terex’s dividend payout ratio (DPR) is presently 25.37%.

Terex Company 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.