Deutsche Bank AG Reduces Stock Holdings in Terex Corporation $TEX

Deutsche Bank AG reduced its stake in Terex Corporation (NYSE:TEX) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,668 shares of the industrial products company’s stock after selling 1,891 shares during the period. Deutsche Bank AG owned 0.09% of Terex worth $2,254,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 332 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Terex in the fourth quarter valued at approximately $29,000. Private Trust Co. NA boosted its holdings in shares of Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 434 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Terex by 56.9% in the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 307 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Terex by 88.1% in the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 424 shares during the period. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TEX. Truist Financial set a $62.00 price objective on Terex in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on Terex from $43.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, June 10th. Robert W. Baird raised Terex from a “neutral” rating to an “outperform” rating and increased their price objective for the company 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 price objective for the company from $45.00 to $60.00 in a report on Tuesday, May 27th. Finally, Wall Street Zen raised Terex from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.22.

Insider Activity

In other news, VP Scott Posner sold 5,000 shares of Terex stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total transaction of $252,500.00. Following the completion of the transaction, the vice president owned 70,308 shares of the company’s stock, valued at $3,550,554. The trade was a 6.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Terex Trading Down 2.4%

NYSE:TEX opened at $49.6410 on Thursday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 5.13 and a beta of 1.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. Terex Corporation has a 1 year low of $31.53 and a 1 year high of $58.66. The stock has a fifty day moving average price of $49.23 and a two-hundred day moving average price of $43.96.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, sell-side analysts anticipate that Terex Corporation will post 4.83 earnings per share 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 11th. Terex’s payout ratio is 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.