Mutual of America Capital Management LLC Sells 1,550 Shares of Terex Corporation $TEX

Mutual of America Capital Management LLC lowered its position in Terex Corporation (NYSE:TEX) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,624 shares of the industrial products company’s stock after selling 1,550 shares during the period. Mutual of America Capital Management LLC’s holdings in Terex were worth $1,523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TEX. Rise Advisors LLC boosted its holdings in Terex by 65.3% in the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 241 shares in the last quarter. Private Trust Co. NA boosted its holdings in Terex by 128.0% in 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 in the last quarter. Strs Ohio bought a new position in Terex in the first quarter worth approximately $30,000. Hexagon Capital Partners LLC boosted its holdings in Terex by 56.9% in the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 307 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Terex in the first quarter worth approximately $37,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Shares of TEX opened at $56.36 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 5.71 and a beta of 1.66. The stock has a 50 day moving average of $52.33 and a 200 day moving average of $47.77. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.Terex’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $2.16 earnings per share. 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 Dividend Announcement

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

Insider Transactions at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of the firm’s stock in a transaction on 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 directly owned 70,308 shares of the company’s stock, valued at $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 SEC, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on TEX shares. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. UBS Group increased their price objective on Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research note on Friday. Truist Financial set a $62.00 price objective on Terex in a research note on Monday, August 4th. Finally, Citigroup increased their price objective on Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.