Terex Corporation $TEX Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Terex Corporation (NYSE:TEX) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,766 shares of the industrial products company’s stock after selling 675 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Terex were worth $573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Terex by 44.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,027,830 shares of the industrial products company’s stock valued at $51,176,000 after buying an additional 315,331 shares in the last quarter. Millennium Management LLC increased its position in shares of Terex by 1,086.3% during the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after purchasing an additional 234,470 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Terex by 8.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock valued at $88,362,000 after buying an additional 188,195 shares during the period. Nuveen LLC purchased a new position in shares of Terex in the 1st quarter valued at about $6,985,000. Finally, Tema Etfs LLC boosted its stake in shares of Terex by 235.5% in the 1st quarter. Tema Etfs LLC now owns 206,485 shares of the industrial products company’s stock valued at $7,801,000 after buying an additional 144,941 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

Terex stock opened at $56.96 on Friday. The stock’s 50-day moving average is $52.21 and its 200-day moving average is $47.42. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 5.35 and a beta of 1.66. 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 12 month low of $31.53 and a 12 month high of $58.66.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business posted $2.16 EPS. The company’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 analysts anticipate that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be paid a $0.17 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. Terex’s dividend payout ratio (DPR) is 25.37%.

Insider Activity

In other news, VP Scott Posner sold 5,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 in the company, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. 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 Terex from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. UBS Group boosted their target price on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Truist Financial set a $62.00 price objective on Terex in a report on Monday, August 4th. Finally, Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.67.

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.