American Century Companies Inc. Has $66.71 Million Stake in Terex Corporation $TEX

Key Points

• American Century Companies Inc. increased its holdings in Terex Corporation by 1.4%, owning approximately 2.66% of the company worth about $66.7 million after acquiring an additional 24,484 shares in the first quarter.
• Wall Street analysts have upgraded Terex's stock rating, with Goldman Sachs raising its target price from $45.00 to $60.00, reflecting a consensus rating of "Moderate Buy" with a price target of $52.22.
• Terex Corporation announced a quarterly dividend of $0.17 per share, amounting to a 1.3% yield, with the payout scheduled for September 19th.

American Century Companies Inc. boosted its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,765,690 shares of the industrial products company's stock after purchasing an additional 24,484 shares during the period. American Century Companies Inc. owned 2.66% of Terex worth $66,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in Terex during the 4th quarter worth approximately $29,000. UMB Bank n.a. grew its position in Terex by 83.0% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock worth $28,000 after purchasing an additional 332 shares in the last quarter. Private Trust Co. NA grew its position in Terex by 128.0% during 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 in the last quarter. Hexagon Capital Partners LLC grew its position in Terex by 56.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company's stock worth $32,000 after purchasing an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Terex by 88.1% during the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock worth $34,000 after purchasing an additional 424 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TEX shares. Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Evercore ISI boosted their price target on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, UBS Group boosted their price target on shares of Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Terex currently has a consensus rating of "Moderate Buy" and an average price target of $52.22.

Terex Stock Up 6.5%

Shares of TEX stock traded up $3.15 on Friday, hitting $51.51. The company's stock had a trading volume of 755,984 shares, compared to its average volume of 765,363. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $58.66. The firm's fifty day moving average price is $49.36 and its 200-day moving average price is $43.96. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 5.20 and a beta of 1.62.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business earned $2.16 EPS. Terex's quarterly revenue was up 7.6% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Research analysts anticipate that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. Terex's payout ratio is currently 25.37%.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 5,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the completion of the transaction, the vice president owned 70,308 shares of the company's stock, valued at $3,550,554. The trade was a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.