Terex (NYSE:TEX) Director Purchases $98,770.80 in Stock

Terex Corporation (NYSE:TEX) Director Andra Rush purchased 2,120 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the acquisition, the director directly owned 25,428 shares in the company, valued at $1,184,690.52. This represents a 9.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Terex Stock Down 0.1%

NYSE TEX traded down $0.03 during trading on Monday, hitting $45.99. 1,806,972 shares of the company traded hands, compared to its average volume of 934,424. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The company has a market capitalization of $3.02 billion, a P/E ratio of 17.16, a PEG ratio of 5.69 and a beta of 1.66. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. The business has a fifty day simple moving average of $52.61 and a 200 day simple moving average of $48.49.

Terex (NYSE:TEX) last announced its earnings results on Thursday, October 30th. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.22 by $0.28. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, sell-side analysts predict that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be paid a $0.17 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. Terex’s payout ratio is presently 28.94%.

Institutional Investors Weigh In On Terex

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Terex by 1.6% in the first quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company’s stock valued at $8,609,000 after acquiring an additional 3,525 shares during the last quarter. Private Trust Co. NA boosted its position 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 purchasing an additional 434 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Terex by 65.3% in the 1st quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 517 shares during the last quarter. QRG Capital Management Inc. boosted its position 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 worth $278,000 after purchasing an additional 368 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Terex by 37.5% in the 2nd quarter. Nordea Investment Management AB now owns 149,487 shares of the industrial products company’s stock worth $7,021,000 after purchasing an additional 40,754 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. UBS Group boosted their target price 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. Raymond James Financial raised 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. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. Finally, Citigroup dropped 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

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.