Ethic Inc. Sells 237 Shares of Terex Corporation $TEX

Ethic Inc. cut its position in Terex Corporation (NYSE:TEX) by 2.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,135 shares of the industrial products company’s stock after selling 237 shares during the quarter. Ethic Inc.’s holdings in Terex were worth $482,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TEX. Rise Advisors LLC raised 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 purchasing an additional 241 shares in the last quarter. Private Trust Co. NA raised 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 purchasing an additional 434 shares in the last quarter. Strs Ohio bought a new position in Terex in the first quarter worth about $30,000. Hexagon Capital Partners LLC raised 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 purchasing an additional 307 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Terex in the first quarter worth about $37,000. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TEX. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. Citigroup upped their price objective on shares of Terex from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Monday. 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 report on Thursday, July 10th. Finally, Truist Financial set a $62.00 price objective on shares of Terex in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.20.

Insider Buying and Selling

In related news, VP Scott Posner sold 5,000 shares of the company’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 value of $252,500.00. Following the sale, the vice president owned 70,308 shares in the company, valued at $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Terex Price Performance

Shares of NYSE TEX opened at $57.07 on Wednesday. The business’s 50 day moving average price is $52.61 and its 200 day moving average price is $48.08. The firm has a market cap of $3.74 billion, a P/E ratio of 21.30, a P/E/G ratio of 5.95 and a beta of 1.66. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $58.66. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31.

Terex (NYSE:TEX) last issued its 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 firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.Terex’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, sell-side analysts expect that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend

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

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.