IQ EQ FUND MANAGEMENT IRELAND Ltd Has $930,000 Stock Holdings in Terex Corporation $TEX

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Terex Corporation (NYSE:TEX) by 35.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 19,923 shares of the industrial products company’s stock after buying an additional 5,216 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Terex were worth $930,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TEX. Rise Advisors LLC boosted its holdings in shares of Terex by 65.3% in the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after buying an additional 241 shares during the period. Bessemer Group Inc. raised its holdings in shares of Terex by 56.4% during the second 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. Private Trust Co. NA lifted its position in Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 434 shares in the last quarter. Strs Ohio acquired a new position in Terex in the 1st quarter worth $30,000. Finally, Hexagon Capital Partners LLC increased its holdings in Terex by 56.9% during the 1st 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. Institutional investors own 92.88% of the company’s stock.

Insider Activity

In other news, VP Scott Posner sold 5,000 shares of the firm’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 completion of the sale, the vice president directly owned 70,308 shares of the company’s stock, valued at $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup lifted their price target on Terex from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Truist Financial set a $62.00 price objective on Terex in a report on Monday, August 4th. UBS Group increased their price objective on Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given 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 $56.20.

Terex Stock Down 2.4%

TEX stock opened at $57.07 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average price of $52.61 and a two-hundred day moving average price of $48.08. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 5.95 and a beta of 1.66. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $58.66.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

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

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.