Terex Corporation $TEX Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Terex Corporation by 2.9%, acquiring an additional 87,194 shares and bringing their total holdings to approximately 3 million shares valued at $115 million.
• Analysts have shown optimism for Terex's stock, with multiple firms upgrading their ratings and price targets, including Goldman Sachs raising their target from $45 to $60.
• Terex recently declared a quarterly dividend of $0.17 per share, which reflects an annualized dividend yield of 1.3% and a payout ratio of 25.37%.

Dimensional Fund Advisors LP grew its stake in shares of Terex Corporation (NYSE:TEX - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,050,434 shares of the industrial products company's stock after purchasing an additional 87,194 shares during the period. Dimensional Fund Advisors LP owned approximately 4.60% of Terex worth $115,247,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted its position in shares of Terex by 12.3% during the 1st quarter. Neuberger Berman Group LLC now owns 17,934 shares of the industrial products company's stock worth $678,000 after purchasing an additional 1,958 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Terex by 0.5% in the 1st quarter. Russell Investments Group Ltd. now owns 258,124 shares of the industrial products company's stock worth $9,752,000 after buying an additional 1,337 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Terex in the 1st quarter worth about $6,985,000. Covestor Ltd boosted its position in shares of Terex by 45.6% in the 1st quarter. Covestor Ltd now owns 3,478 shares of the industrial products company's stock worth $131,000 after buying an additional 1,090 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Terex in the 1st quarter worth about $37,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. UBS Group boosted their price objective on shares of Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and raised their price target for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Finally, Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Terex has an average rating of "Moderate Buy" and a consensus target price of $52.22.

Insider Transactions at Terex

In related news, VP Scott Posner sold 5,000 shares of the stock in a transaction that occurred 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 sale, the vice president owned 70,308 shares of the company's stock, valued at approximately $3,550,554. This represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company's stock.

Terex Trading Down 0.9%

Shares of NYSE TEX traded down $0.48 on Thursday, reaching $52.11. 570,043 shares of the company traded hands, compared to its average volume of 731,626. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $58.66. The company has a 50 day moving average of $49.87 and a 200 day moving average of $44.17. 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 stock has a market capitalization of $3.42 billion, a PE ratio of 19.44, a P/E/G ratio of 5.30 and a beta of 1.62.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, beating 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $2.16 EPS. The company'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. On average, equities research analysts forecast that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

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

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.