QRG Capital Management Inc. Raises Position in Terex Corporation $TEX

QRG Capital Management Inc. boosted its stake in Terex Corporation (NYSE:TEX) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,954 shares of the industrial products company’s stock after buying an additional 368 shares during the quarter. QRG Capital Management Inc.’s holdings in Terex were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC increased its holdings in Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 241 shares during the last quarter. 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 period. Private Trust Co. NA increased its stake in shares of Terex by 128.0% during the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 434 shares during the period. Strs Ohio acquired a new position in shares of Terex during the first quarter worth about $30,000. Finally, Hexagon Capital Partners LLC grew its position in Terex by 56.9% during the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock worth $32,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Activity

In related news, VP Scott Posner sold 5,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the completion of the sale, the vice president 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 document filed with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Terex Price Performance

Shares of Terex stock opened at $50.52 on Friday. 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. The firm has a fifty day moving average price of $51.40 and a two-hundred day moving average price of $46.42. The company has a market cap of $3.31 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 5.09 and a beta of 1.66.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the company posted $2.16 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Analysts expect that Terex Corporation will post 4.83 EPS for the current 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 given a dividend of $0.17 per share. The ex-dividend date was Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. Terex’s dividend payout ratio (DPR) is 25.37%.

Analyst Ratings Changes

TEX has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Wednesday. Citigroup boosted their price target on shares of Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Truist Financial set a $62.00 target price on shares of Terex in a report on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.67.

About Terex

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.