Terex Corporation $TEX Stock Holdings Increased by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in shares of Terex Corporation (NYSE:TEX) by 211.5% during the 2nd quarter, Holdings Channel reports. The fund owned 3,318 shares of the industrial products company’s stock after purchasing an additional 2,253 shares during the period. Parallel Advisors LLC’s holdings in Terex were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after buying an additional 332 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after buying an additional 434 shares in the last quarter. Strs Ohio bought a new stake in shares of Terex in the 1st quarter worth $30,000. Hexagon Capital Partners LLC raised its stake in shares of Terex by 56.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock worth $32,000 after buying an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Terex by 88.1% in the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company’s stock worth $34,000 after buying an additional 424 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Insider Transactions at Terex

In related news, VP Scott Posner sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was 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 $3,550,554. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Terex Price Performance

NYSE TEX opened at $51.86 on Wednesday. Terex Corporation has a twelve month low of $31.53 and a twelve month 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 stock has a market capitalization of $3.40 billion, a PE ratio of 19.35, a P/E/G ratio of 5.24 and a beta of 1.65. The stock has a 50-day simple moving average of $50.94 and a 200 day simple moving average of $45.31.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.05. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm earned $2.16 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Research analysts anticipate that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 11th. Terex’s payout ratio is currently 25.37%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group raised Terex from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Truist Financial set a $62.00 target price on Terex in a report on Monday, August 4th. Citigroup lifted their target price on Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Terex from $43.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, June 10th. Finally, UBS Group lifted their target price on Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.67.

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.