Terex Corporation $TEX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in Terex Corporation (NYSE:TEX) by 40.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,015 shares of the industrial products company’s stock after selling 9,386 shares during the quarter. Teacher Retirement System of Texas’ holdings in Terex were worth $654,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC raised its position in Terex by 65.3% in the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 241 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Terex by 56.4% during the 2nd 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 period. Strs Ohio acquired a new position in shares of Terex during the 1st quarter worth $30,000. Headlands Technologies LLC purchased a new position in shares of Terex in the 1st quarter valued at about $37,000. Finally, Fifth Third Bancorp lifted its stake in shares of Terex by 22.0% in the second quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Down 0.7%

TEX stock opened at $45.91 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11. The company’s 50 day simple moving average is $52.09 and its 200-day simple moving average is $48.82. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The firm has a market capitalization of $3.01 billion, a PE ratio of 17.13, a P/E/G ratio of 5.69 and a beta of 1.76.

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

Terex Dividend Announcement

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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 10th. Terex’s dividend payout ratio is currently 28.94%.

Analysts Set New Price Targets

TEX has been the topic of several recent analyst reports. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Monday, October 27th. Truist Financial set a $62.00 price target on Terex in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Wednesday, October 8th. Morgan Stanley set a $47.00 price objective on Terex and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Citigroup reduced their price objective on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Insiders Place Their Bets

In other news, Director Andra Rush bought 2,120 shares of Terex stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $46.59 per share, for a total transaction of $98,770.80. Following the acquisition, the director owned 25,428 shares in the company, valued at approximately $1,184,690.52. This trade represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 sale, the vice president directly owned 70,308 shares in the company, valued at $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by company 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.