Yousif Capital Management LLC Has $1.04 Million Position in Terex Corporation $TEX

Yousif Capital Management LLC reduced its holdings in Terex Corporation (NYSE:TEX) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,351 shares of the industrial products company’s stock after selling 815 shares during the period. Yousif Capital Management LLC’s holdings in Terex were worth $1,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEX. Rise Advisors LLC increased its stake 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 buying an additional 241 shares during the last quarter. Private Trust Co. NA grew its position in shares of Terex by 128.0% in the 1st 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. Strs Ohio acquired a new position in shares of Terex during the 1st quarter worth about $30,000. Hexagon Capital Partners LLC increased its stake 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 during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Terex during the 1st quarter worth about $37,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Performance

Shares of TEX stock opened at $55.03 on Wednesday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 5.58 and a beta of 1.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The company has a 50-day simple moving average of $52.10 and a 200 day simple moving average of $47.21. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $58.66.

Terex (NYSE:TEX) 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. The business had revenue of $1.49 billion during 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 was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, sell-side analysts predict that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. Terex’s payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Citigroup boosted their price objective on shares of Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. UBS Group boosted their price objective on shares of Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Finally, Truist Financial set a $62.00 price objective on shares of Terex in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Terex currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

Insider Transactions at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

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.