Cozad Asset Management Inc. Lowers Position in Terex Corporation $TEX

Cozad Asset Management Inc. decreased its holdings in shares of Terex Corporation (NYSE:TEX) by 9.7% during the second quarter, HoldingsChannel reports. The firm owned 27,286 shares of the industrial products company’s stock after selling 2,934 shares during the period. Cozad Asset Management Inc.’s holdings in Terex were worth $1,274,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rise Advisors LLC lifted its position in shares of Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 241 shares during the period. Hantz Financial Services Inc. raised its stake in Terex by 6,800.0% in the second quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock worth $32,000 after buying an additional 680 shares in the last quarter. Bessemer Group Inc. raised its stake in Terex by 56.4% in the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after buying an additional 259 shares in the last quarter. Strs Ohio purchased a new stake in Terex during the first quarter worth $30,000. Finally, Headlands Technologies LLC bought a new stake in Terex during the 1st quarter valued at $37,000. Institutional investors own 92.88% of the company’s stock.

Terex Price Performance

Shares of TEX stock opened at $43.27 on Friday. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $58.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 5.69 and a beta of 1.76. The stock’s 50-day simple moving average is $50.65 and its 200-day simple moving average is $49.34.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.22 by $0.28. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. Terex’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $1.46 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts forecast that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. Terex’s payout ratio is 28.94%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TEX. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Morgan Stanley set a $47.00 target price on Terex and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Truist Financial set a $62.00 target price on shares of Terex in a report on Monday, August 4th. Citigroup lowered their price target on shares of Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Wells Fargo & Company started coverage on shares of Terex in a research note on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Terex has an average rating of “Moderate Buy” and an average price target of $56.55.

Insider Activity

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

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.