Terex Corporation $TEX Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Terex Corporation (NYSE:TEX) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,367 shares of the industrial products company’s stock after selling 250 shares during the quarter. State of Alaska Department of Revenue’s holdings in Terex were worth $2,210,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TEX. Wealth Enhancement Advisory Services LLC grew its position in Terex by 44.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,027,830 shares of the industrial products company’s stock worth $51,176,000 after buying an additional 315,331 shares during the last quarter. Millennium Management LLC grew its position in Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after buying an additional 234,470 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Terex by 8.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company’s stock worth $88,362,000 after buying an additional 188,195 shares during the last quarter. Nuveen LLC acquired a new position in Terex in the first quarter worth approximately $6,985,000. Finally, Tema Etfs LLC grew its position in Terex by 235.5% in the first quarter. Tema Etfs LLC now owns 206,485 shares of the industrial products company’s stock worth $7,801,000 after buying an additional 144,941 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 5,000 shares of the firm’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. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Terex Trading Up 1.0%

Terex stock opened at $52.26 on Friday. The company’s fifty day simple moving average is $51.12 and its 200-day simple moving average is $45.83. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The stock has a market cap of $3.43 billion, a P/E ratio of 19.50, a P/E/G ratio of 5.21 and a beta of 1.66.

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

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 11th. Terex’s dividend payout ratio (DPR) is 25.37%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Truist Financial set a $62.00 price objective on shares of Terex in a research report on Monday, August 4th. UBS Group lifted their price objective on shares of Terex from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Citigroup lifted their price objective on shares of Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Terex from $43.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.67.

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.