Callan Family Office LLC Purchases New Shares in Terex Corporation $TEX

Key Points

• Callan Family Office LLC has purchased 6,020 shares of Terex Corporation for approximately $281,000, signaling increased institutional investment in the company during the 2nd quarter.
• Several other institutional investors have also boosted their positions in Terex, with ownership by institutional investors now at 92.88% of the company's stock.
• Analysts have a consensus target price of $54.67 for Terex, with recent ratings including increases from Citigroup and UBS Group, alongside a mix of "hold" and "buy" ratings.

Callan Family Office LLC acquired a new stake in shares of Terex Corporation (NYSE:TEX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,020 shares of the industrial products company's stock, valued at approximately $281,000.

Several other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC increased its position in shares of Terex by 65.3% during the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 241 shares during the last quarter. Private Trust Co. NA raised its holdings 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 period. Strs Ohio purchased a new position in Terex in the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC grew its holdings in Terex by 56.9% during the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 307 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Terex by 88.1% in the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock valued at $34,000 after buying an additional 424 shares during the period. Institutional investors own 92.88% of the company's stock.

Insider Activity at Terex

In other news, VP Scott Posner sold 5,000 shares of Terex stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the completion of the sale, 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 owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Terex from $55.00 to $58.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research note on Wednesday, October 8th. Truist Financial set a $62.00 target price on shares of Terex in a report on Monday, August 4th. Wall Street Zen lowered Terex from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Finally, UBS Group lifted their price target on Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.67.

Terex Price Performance

TEX opened at $54.46 on Friday. 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 company has a market cap of $3.57 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 5.49 and a beta of 1.66. The stock has a fifty day simple moving average of $51.79 and a two-hundred day simple moving average of $46.78. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $58.66.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share 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 analysts' expectations of $1.46 billion. During the same quarter in the prior year, the company earned $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. Research analysts predict that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

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.

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