Terex Corporation $TEX Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB boosted its holdings in Terex Corporation (NYSE:TEX) by 37.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 149,487 shares of the industrial products company’s stock after buying an additional 40,754 shares during the quarter. Nordea Investment Management AB’s holdings in Terex were worth $7,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in Terex by 22.0% in the second quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 199 shares during the last quarter. Rise Advisors LLC grew its position in Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 241 shares during the period. Hexagon Capital Partners LLC grew its position in Terex by 56.9% during the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 307 shares during the period. Blue Trust Inc. grew its position in Terex by 24.0% during the second quarter. Blue Trust Inc. now owns 1,870 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 362 shares during the period. Finally, QRG Capital Management Inc. grew its position in Terex by 6.6% during the second quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 368 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TEX shares. UBS Group boosted their price target on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 10th. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Sunday. Truist Financial set a $62.00 price objective on Terex in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Finally, Citigroup boosted their price objective on Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.67.

Insider Transactions at Terex

In other Terex 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 transaction 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 SEC, which is available through this link. 1.90% of the stock is owned by insiders.

Terex Trading Up 4.1%

NYSE:TEX opened at $55.20 on Tuesday. The business’s 50-day simple moving average is $52.01 and its 200 day simple moving average is $47.16. Terex Corporation has a one year low of $31.53 and a one year high of $58.66. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 5.34 and a beta of 1.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm posted $2.16 earnings per share. Terex’s revenue for the quarter 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, sell-side analysts predict that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, November 10th. This represents a $0.68 annualized dividend and a yield of 1.2%. Terex’s dividend payout ratio is presently 25.37%.

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.