Cwm LLC Reduces Stake in Terex Corporation $TEX

Cwm LLC trimmed its position in Terex Corporation (NYSE:TEX) by 92.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,463 shares of the industrial products company’s stock after selling 70,745 shares during the quarter. Cwm LLC’s holdings in Terex were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Terex by 65.3% in the 1st quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 517 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in Terex by 6.3% in the 1st quarter. Perigon Wealth Management LLC now owns 10,277 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 607 shares in the last quarter. Private Trust Co. NA raised its position in shares of 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 buying an additional 434 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Terex by 1.6% in the first quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company’s stock worth $8,609,000 after buying an additional 3,525 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of 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 buying an additional 307 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction, the vice president directly owned 70,308 shares of the company’s stock, valued at approximately $3,550,554. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Terex Price Performance

TEX stock opened at $58.42 on Tuesday. The firm’s 50-day moving average price is $52.49 and its two-hundred day moving average price is $47.92. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $58.66. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 5.71 and a beta of 1.66. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31.

Terex (NYSE:TEX) last announced its quarterly earnings results 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 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 quarter in the previous year, the business earned $2.16 EPS. Terex’s 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. As a group, equities analysts predict that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm 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 dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. Terex’s payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. UBS Group raised their target price 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. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Monday. Finally, Truist Financial set a $62.00 price objective on shares of Terex in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.20.

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.