Wealth Enhancement Advisory Services LLC Sells 62,395 Shares of Terex Corporation $TEX

Wealth Enhancement Advisory Services LLC reduced its holdings in Terex Corporation (NYSE:TEX) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 965,435 shares of the industrial products company’s stock after selling 62,395 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Terex were worth $50,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Minneapolis Portfolio Management Group LLC grew its position in shares of Terex by 42.6% during the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock worth $33,206,000 after buying an additional 193,260 shares during the period. Nordea Investment Management AB boosted its stake in Terex by 3.4% during the third quarter. Nordea Investment Management AB now owns 154,557 shares of the industrial products company’s stock worth $7,872,000 after acquiring an additional 5,070 shares in the last quarter. Tema Etfs LLC grew its holdings in Terex by 4.5% in the third quarter. Tema Etfs LLC now owns 139,808 shares of the industrial products company’s stock worth $7,172,000 after purchasing an additional 5,984 shares during the period. SG Americas Securities LLC increased its stake in Terex by 23.0% in the third quarter. SG Americas Securities LLC now owns 16,157 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 3,023 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of Terex by 15.2% during the third quarter. KLP Kapitalforvaltning AS now owns 15,200 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 2,000 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush acquired 2,120 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the transaction, the director owned 25,428 shares of the company’s stock, valued at approximately $1,184,690.52. This represents a 9.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TEX shares. Raymond James Financial raised 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 raised Terex from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $47.00 to $60.00 in a research report on Wednesday, December 10th. Wells Fargo & Company initiated coverage on Terex in a report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Finally, Citigroup upped their target price on shares of Terex from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Terex has a consensus rating of “Moderate Buy” and a consensus target price of $58.64.

Terex Stock Performance

Terex stock traded down $1.73 during mid-day trading on Tuesday, reaching $58.66. The company’s stock had a trading volume of 36,535 shares, compared to its average volume of 1,198,193. The company has a market capitalization of $3.85 billion, a P/E ratio of 25.05, a PEG ratio of 5.45 and a beta of 1.67. The firm’s fifty day moving average price is $51.73 and its two-hundred day moving average price is $51.46. 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 quick ratio of 1.20 and a current ratio of 2.15.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating 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 company 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 posted $1.46 EPS. The firm’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. Sell-side analysts predict that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex 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.