Terex Corporation $TEX Stock Position Trimmed by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in Terex Corporation (NYSE:TEX) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,343 shares of the industrial products company’s stock after selling 3,400 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Terex were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Rise Advisors LLC grew its holdings in Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after buying an additional 241 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Terex by 6,800.0% during 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. boosted its position in Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 259 shares during the period. Strs Ohio acquired a new position in Terex during the 1st quarter worth $30,000. Finally, Headlands Technologies LLC bought a new position in shares of Terex in the first quarter worth $37,000. Institutional investors own 92.88% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andra Rush acquired 2,120 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the acquisition, the director owned 25,428 shares in the company, valued at approximately $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TEX. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Monday, October 27th. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. UBS Group lowered their price objective on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wells Fargo & Company began coverage on Terex in a report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.55.

Terex Trading Up 1.0%

Shares of NYSE:TEX opened at $46.21 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 5.69 and a beta of 1.76. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66. The company has a 50 day moving average price of $49.93 and a 200 day moving average price of $49.45.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.28. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, research analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business 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 $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 1.5%. Terex’s dividend payout ratio (DPR) is 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.