Squarepoint Ops LLC Trims Position in Terex Corporation $TEX

Squarepoint Ops LLC reduced its holdings in Terex Corporation (NYSE:TEX) by 43.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,770 shares of the industrial products company’s stock after selling 88,121 shares during the quarter. Squarepoint Ops LLC’s holdings in Terex were worth $5,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes 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 period. EverSource Wealth Advisors LLC raised its stake in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares during the period. Strs Ohio acquired a new position in shares of Terex in the 1st quarter valued at $30,000. Hantz Financial Services Inc. grew its stake 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 buying an additional 680 shares during the period. Finally, Bessemer Group Inc. increased 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 worth $34,000 after buying an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Price Performance

TEX opened at $51.47 on Monday. The company has a market capitalization of $3.38 billion, a P/E ratio of 21.90, a PEG ratio of 5.19 and a beta of 1.70. The company has a 50-day moving average of $49.51 and a 200-day moving average of $49.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.20 and a current ratio of 2.15. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66.

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

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 10th. Terex’s dividend payout ratio is 28.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TEX shares. Wells Fargo & Company assumed coverage on Terex in a report on Thursday, November 13th. They issued an “equal weight” rating and a $50.00 target price on the stock. Wall Street Zen raised shares of Terex from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group dropped their price objective on shares of Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. 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 research report on Monday, November 3rd. Finally, Raymond James Financial raised 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given 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 $57.73.

Insider Buying and Selling

In other news, Director Andra Rush bought 2,120 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the transaction, the director owned 25,428 shares in the company, valued at approximately $1,184,690.52. This trade represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

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.