Terex Corporation $TEX Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of Terex Corporation (NYSE:TEX) by 11.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,154 shares of the industrial products company’s stock after selling 5,347 shares during the period. Intech Investment Management LLC’s holdings in Terex were worth $1,875,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in shares of Terex by 6.6% in the 2nd quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 368 shares during the last quarter. Nordea Investment Management AB increased its stake in Terex by 37.5% in the second quarter. Nordea Investment Management AB now owns 149,487 shares of the industrial products company’s stock valued at $7,021,000 after purchasing an additional 40,754 shares during the last quarter. Optimize Financial Inc acquired a new stake in Terex during the first quarter worth approximately $212,000. Hsbc Holdings PLC purchased a new stake in shares of Terex during the 1st quarter worth approximately $217,000. Finally, CSM Advisors LLC acquired a new position in shares of Terex in the 2nd quarter valued at $3,838,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Andra Rush acquired 2,120 shares of the business’s stock in a transaction on Friday, October 31st. The stock was bought at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the transaction, the director owned 25,428 shares in the company, valued at $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Terex Stock Performance

NYSE TEX opened at $43.27 on Friday. The business’s 50-day moving average price is $50.65 and its 200 day moving average price is $49.27. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. The firm has a market cap of $2.84 billion, a P/E ratio of 16.15, a P/E/G ratio of 5.69 and a beta of 1.76. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $58.66.

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

Terex Dividend Announcement

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

Analyst Upgrades and Downgrades

TEX has been the topic of several research analyst reports. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, October 27th. Truist Financial set a $62.00 target price on Terex in a research report on Monday, August 4th. Morgan Stanley set a $47.00 target price on Terex and gave the company an “equal weight” rating in a report on Tuesday, November 4th. UBS Group dropped their price target on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.55.

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.