Terex Corporation $TEX Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in Terex Corporation (NYSE:TEX - Free Report) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 770,440 shares of the industrial products company's stock after selling 322,028 shares during the period. AQR Capital Management LLC owned about 1.16% of Terex worth $28,876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in Terex by 12.3% in the first quarter. Advisors Asset Management Inc. now owns 79,824 shares of the industrial products company's stock valued at $3,016,000 after acquiring an additional 8,746 shares during the last quarter. Magnetar Financial LLC lifted its position in Terex by 77.4% in the first quarter. Magnetar Financial LLC now owns 26,498 shares of the industrial products company's stock valued at $1,001,000 after acquiring an additional 11,563 shares during the last quarter. State of Wyoming lifted its position in Terex by 65.6% in the first quarter. State of Wyoming now owns 5,039 shares of the industrial products company's stock valued at $190,000 after acquiring an additional 1,997 shares during the last quarter. Tema Etfs LLC lifted its position in Terex by 235.5% in the first quarter. Tema Etfs LLC now owns 206,485 shares of the industrial products company's stock valued at $7,801,000 after acquiring an additional 144,941 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Terex in the first quarter valued at $4,074,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Scott Posner sold 5,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total transaction of $252,500.00. Following the transaction, the vice president directly owned 70,308 shares in the company, valued at $3,550,554. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Terex Stock Performance

Shares of Terex stock traded down $1.46 on Tuesday, reaching $51.23. 1,100,278 shares of the stock were exchanged, compared to its average volume of 660,163. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66. 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 moving average price of $50.55 and a two-hundred day moving average price of $44.46. The firm has a market capitalization of $3.36 billion, a PE ratio of 19.12, a PEG ratio of 5.31 and a beta of 1.65.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business posted $2.16 earnings per share. The business's 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. As a group, research analysts anticipate that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TEX shares. 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 research report on Tuesday, June 10th. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $48.00 to $66.00 in a research note on Tuesday, May 13th. Evercore ISI lifted their price objective on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Finally, Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.22.

About Terex

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.