Terex Corporation $TEX Shares Purchased by Creative Planning

Creative Planning increased its stake in shares of Terex Corporation (NYSE:TEX) by 56.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,853 shares of the industrial products company’s stock after purchasing an additional 15,779 shares during the period. Creative Planning owned approximately 0.07% of Terex worth $2,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its position in shares of Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after buying an additional 241 shares during the period. Strs Ohio purchased a new position in Terex during the 1st quarter valued at about $30,000. Hantz Financial Services Inc. grew its position in Terex by 6,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 680 shares in the last quarter. Bessemer Group Inc. grew its position in Terex by 56.4% in the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 259 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Terex during the first quarter worth about $37,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

TEX has been the subject of a number of research reports. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Citigroup reduced their price objective on Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley set a $47.00 target price on Terex and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company initiated coverage on Terex in a report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and a consensus price target of $56.55.

Insider Activity at Terex

In related news, Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $46.59 per share, for a total transaction of $98,770.80. Following the purchase, the director directly owned 25,428 shares of the company’s stock, valued at $1,184,690.52. The trade was a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

Terex Stock Up 1.5%

Terex stock opened at $45.76 on Wednesday. The stock has a market cap of $3.00 billion, a PE ratio of 17.07, a P/E/G ratio of 5.69 and a beta of 1.76. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11. The stock’s fifty day moving average is $50.34 and its two-hundred day moving average is $49.47. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.28. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 EPS. 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 EPS for the current fiscal year.

Terex Announces Dividend

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 issued a $0.17 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. Terex’s dividend payout ratio is presently 28.94%.

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.