Charles Schwab Investment Management Inc. Buys 39,068 Shares of Terex Corporation $TEX

Charles Schwab Investment Management Inc. grew its stake in Terex Corporation (NYSE:TEX - Free Report) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,021,704 shares of the industrial products company's stock after acquiring an additional 39,068 shares during the period. Charles Schwab Investment Management Inc. owned 1.54% of Terex worth $38,600,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 332 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Terex in the 4th quarter valued at about $29,000. Private Trust Co. NA grew 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 valued at $29,000 after acquiring an additional 434 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Terex by 56.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Terex by 88.1% in the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. Institutional investors own 92.88% of the company's stock.

Terex Trading Down 2.9%

Shares of TEX stock opened at $50.27 on Monday. The firm has a 50 day moving average price of $49.09 and a two-hundred day moving average price of $43.86. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $3.30 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 5.07 and a beta of 1.62. 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 issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. As a group, analysts predict that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 11th. Terex's payout ratio is presently 25.37%.

Insider Buying and Selling 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 approximately $3,550,554. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TEX. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and raised their target price for the company from $48.00 to $66.00 in a research note on Tuesday, May 13th. Truist Financial set a $62.00 target price on shares of Terex in a research note on Monday, August 4th. UBS Group raised their target price on shares of Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Evercore ISI raised their target price 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. Finally, The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and raised their target price for the company from $45.00 to $60.00 in a research note on Tuesday, May 27th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.22.

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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