Vise Technologies Inc. Purchases Shares of 10,028 Terex Corporation $TEX

Vise Technologies Inc. acquired a new position in shares of Terex Corporation (NYSE:TEX) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,028 shares of the industrial products company’s stock, valued at approximately $468,000.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Terex by 44.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,027,830 shares of the industrial products company’s stock valued at $51,176,000 after buying an additional 315,331 shares during the period. Millennium Management LLC grew its position in Terex by 1,086.3% during the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Terex by 8.8% during 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 acquiring an additional 188,195 shares during the last quarter. Nuveen LLC purchased a new position in shares of Terex in the 1st quarter worth about $6,985,000. Finally, Tema Etfs LLC lifted its stake in shares of Terex by 235.5% in the 1st quarter. Tema Etfs LLC now owns 206,485 shares of the industrial products company’s stock valued at $7,801,000 after purchasing an additional 144,941 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Activity

In related news, Director Andra Rush purchased 2,120 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $46.59 per share, for a total transaction of $98,770.80. Following the completion of the acquisition, the director owned 25,428 shares in the company, valued at $1,184,690.52. This trade represents a 9.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

Terex Trading Up 0.2%

NYSE:TEX opened at $45.74 on Friday. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66. The stock has a fifty day simple moving average of $51.57 and a 200 day simple moving average of $49.16. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 5.69 and a beta of 1.76. 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 (NYSE:TEX) last announced its earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.28. The company 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 company’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 EPS. 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 year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be issued 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 dividend payout ratio is currently 28.94%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group cut their price target on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Morgan Stanley set a $47.00 target price on Terex and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Finally, 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 report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.