Terex Corporation $TEX Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Terex Corporation (NYSE:TEXFree Report) by 0.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,367 shares of the industrial products company’s stock after selling 250 shares during the period. State of Alaska Department of Revenue owned 0.07% of Terex worth $2,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TEX. Millennium Management LLC grew its stake in Terex by 22.0% in the fourth quarter. Millennium Management LLC now owns 21,584 shares of the industrial products company’s stock worth $998,000 after purchasing an additional 3,886 shares in the last quarter. GAMMA Investing LLC boosted its stake in Terex by 6,144.2% in the first quarter. GAMMA Investing LLC now owns 49,454 shares of the industrial products company’s stock valued at $1,868,000 after acquiring an additional 48,662 shares during the period. E. Ohman J or Asset Management AB boosted its stake in Terex by 66.4% in the first quarter. E. Ohman J or Asset Management AB now owns 61,727 shares of the industrial products company’s stock valued at $2,332,000 after acquiring an additional 24,626 shares during the period. UMB Bank n.a. boosted 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 acquiring an additional 332 shares during the period. Finally, Fifth Third Bancorp boosted its stake in 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 institutional investors and hedge funds.

Terex Price Performance

Shares of NYSE:TEX opened at $52.26 on Friday. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 5.21 and a beta of 1.66. The stock’s 50 day moving average price is $51.12 and its 200 day moving average price is $45.83. 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 (NYSE:TEXGet Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $2.16 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Equities research analysts anticipate that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 11th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.3%. Terex’s payout ratio is presently 25.37%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TEX shares. Truist Financial set a $62.00 target price on Terex in a research note on Monday, August 4th. UBS Group lifted their target price on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. lifted their target price on Terex from $43.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th. Finally, Citigroup lifted their target price on Terex from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

View Our Latest Research Report on Terex

Insider Buying and Selling

In related news, VP Scott Posner sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

About Terex

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terex Corporation (NYSE:TEXFree Report).

Institutional Ownership by Quarter for Terex (NYSE:TEX)

Receive News & Ratings for Terex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex and related companies with MarketBeat.com's FREE daily email newsletter.