Terex Corporation $TEX Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in Terex Corporation (NYSE:TEX) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,994 shares of the industrial products company’s stock after selling 12,500 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Terex worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in Terex by 22.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company’s stock valued at $52,000 after buying an additional 199 shares during the period. M&T Bank Corp grew its holdings in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 225 shares during the period. Bessemer Group Inc. increased its position in 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 purchasing an additional 259 shares during the last quarter. California State Teachers Retirement System raised its stake in Terex by 0.5% during the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock worth $2,882,000 after purchasing an additional 287 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Terex by 24.0% in the 2nd quarter. Blue Trust Inc. now owns 1,870 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 362 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TEX has been the topic of several research reports. Wells Fargo & Company assumed coverage on Terex in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $50.00 target price on the stock. UBS Group cut their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Finally, Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.64.

Terex Stock Performance

Terex stock opened at $60.67 on Wednesday. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $62.23. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.15 and a quick ratio of 1.20. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 5.48 and a beta of 1.67. The firm’s fifty day moving average price is $50.57 and its 200 day moving average price is $51.12.

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, 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 for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company 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. On average, research analysts forecast 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 was paid on Friday, December 19th. Stockholders of record on Monday, November 10th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, November 10th. Terex’s dividend payout ratio is 28.94%.

Insider Buying and Selling at Terex

In related 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 acquired at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the purchase, the director owned 25,428 shares in the company, valued at approximately $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Terex Company Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.