Voya Investment Management LLC Acquires 6,413 Shares of Terex Corporation $TEX

Voya Investment Management LLC increased its stake in shares of Terex Corporation (NYSE:TEX) by 16.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,264 shares of the industrial products company’s stock after buying an additional 6,413 shares during the period. Voya Investment Management LLC owned 0.07% of Terex worth $1,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TEX. Cetera Investment Advisers lifted its position in Terex by 51.7% during the 4th quarter. Cetera Investment Advisers now owns 12,544 shares of the industrial products company’s stock worth $580,000 after buying an additional 4,276 shares in the last quarter. Millennium Management LLC lifted its position in Terex by 22.0% during the 4th quarter. Millennium Management LLC now owns 21,584 shares of the industrial products company’s stock worth $998,000 after buying an additional 3,886 shares in the last quarter. State of Wyoming acquired a new position in Terex during the 4th quarter worth about $141,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Terex by 19.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,613 shares of the industrial products company’s stock worth $8,949,000 after buying an additional 31,943 shares in the last quarter. Finally, Vise Technologies Inc. lifted its position in Terex by 11.1% during the 4th quarter. Vise Technologies Inc. now owns 5,373 shares of the industrial products company’s stock worth $248,000 after buying an additional 538 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TEX. Truist Financial set a $62.00 price target on shares of Terex in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. upped their target price on shares of Terex from $43.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, June 10th. UBS Group upped their target price on shares of Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group upgraded shares of Terex from a “neutral” rating to a “buy” rating and upped their target price for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.22.

Terex Stock Performance

Shares of NYSE:TEX opened at $51.99 on Tuesday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 5.24 and a beta of 1.65. The firm’s 50 day simple moving average is $50.90 and its 200 day simple moving average is $45.26. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $58.66.

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

Terex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 11th. Terex’s dividend payout ratio (DPR) is currently 25.37%.

Insider Buying and Selling at Terex

In related news, VP Scott Posner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the sale, the vice president directly owned 70,308 shares in the company, valued at $3,550,554. This trade represents a 6.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

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.