Terex Corporation $TEX Position Increased by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Terex Corporation (NYSE:TEX) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 363,069 shares of the industrial products company’s stock after buying an additional 9,201 shares during the quarter. Prudential Financial Inc.’s holdings in Terex were worth $16,952,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Terex

In related news, Director Andra Rush acquired 2,120 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $46.59 per share, with a total value of $98,770.80. Following the purchase, the director owned 25,428 shares of the company’s stock, valued at approximately $1,184,690.52. The trade was a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Terex Stock Down 0.2%

Terex stock opened at $45.77 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66. The firm’s fifty day simple moving average is $50.20 and its 200-day simple moving average is $49.45. The company has a market capitalization of $3.00 billion, a P/E ratio of 17.08, 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 analysts’ consensus estimates of $1.22 by $0.28. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. Terex’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Sell-side 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 1.5%. Terex’s dividend payout ratio is currently 28.94%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TEX. UBS Group cut their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company started coverage on shares of Terex in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $50.00 target price on the stock. Truist Financial set a $62.00 price target on shares of Terex in a research report on Monday, August 4th. Citigroup decreased their price objective on shares of Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Morgan Stanley set a $47.00 target price on shares of Terex and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.55.

Terex Company 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.