6,600 Shares in Terex Corporation $TEX Bought by Versor Investments LP

Versor Investments LP bought a new position in Terex Corporation (NYSE:TEX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,600 shares of the industrial products company’s stock, valued at approximately $308,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Terex by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock worth $254,991,000 after buying an additional 44,254 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Terex by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company’s stock worth $115,247,000 after buying an additional 87,194 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Terex by 8.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock worth $88,362,000 after purchasing an additional 188,195 shares in the last quarter. American Century Companies Inc. lifted its stake in Terex by 1.4% in the 1st quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company’s stock worth $66,708,000 after purchasing an additional 24,484 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Terex by 3.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after purchasing an additional 40,077 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TEX. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, October 27th. Morgan Stanley set a $47.00 price target on shares of Terex and gave the stock an “equal weight” rating in a research note on Tuesday. Truist Financial set a $62.00 price target on shares of Terex in a research note on Monday, August 4th. UBS Group boosted their price target on shares of Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and a consensus target price of $57.30.

Insider Activity

In related news, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the transaction, the vice president directly owned 70,308 shares in the company, valued at approximately $3,550,554. This represents a 6.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 price of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the acquisition, the director directly owned 25,428 shares in the company, valued at $1,184,690.52. The trade was a 9.10% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.90% of the company’s stock.

Terex Stock Down 0.1%

Shares of NYSE TEX opened at $46.94 on Thursday. The firm’s 50-day moving average price is $52.30 and its 200-day moving average price is $48.65. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 5.69 and a beta of 1.66. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $58.66.

Terex (NYSE:TEX) last announced its 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, equities research analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 10th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, November 10th. Terex’s dividend payout ratio is presently 28.94%.

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.