Edgestream Partners L.P. Buys Shares of 33,242 Terex Corporation $TEX

Edgestream Partners L.P. purchased a new position in Terex Corporation (NYSE:TEX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,242 shares of the industrial products company’s stock, valued at approximately $1,552,000. Edgestream Partners L.P. owned approximately 0.05% of Terex at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC lifted its holdings in shares of Terex by 65.3% during the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 241 shares during the last quarter. Strs Ohio purchased a new position in shares of Terex in the 1st quarter worth about $30,000. Hantz Financial Services Inc. increased its position in shares of 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 purchasing an additional 680 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after buying an additional 259 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Terex during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Price Performance

Shares of Terex stock opened at $49.81 on Friday. The company’s fifty day simple moving average is $49.60 and its two-hundred day simple moving average is $49.46. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $58.66. The firm has a market cap of $3.27 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 5.05 and a beta of 1.70. The company has a quick ratio of 1.20, a current ratio of 2.15 and a debt-to-equity ratio of 1.28.

Terex (NYSE:TEX) last posted its earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.28. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. Terex had a net margin of 2.92% and a return on equity of 15.93%. Terex’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts expect that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

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 1.4%. Terex’s payout ratio is 28.94%.

Insider Activity at Terex

In other Terex news, Director Andra Rush purchased 2,120 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average price of $46.59 per share, with a total value of $98,770.80. Following the completion of 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 position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company initiated coverage on Terex in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $50.00 target price for the company. Citigroup reduced their target price on shares of Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Morgan Stanley set a $47.00 target price on shares of Terex and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Monday, October 27th. Finally, UBS Group reduced their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.55.

About Terex

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.