Hancock Whitney Corp Buys 14,827 Shares of Terex Corporation $TEX

Key Points

• Hancock Whitney Corp increased its stake in Terex Corporation by 7.8% during the first quarter, acquiring an additional 14,827 shares, bringing its total holding to approximately 204,149 shares valued at $7.7 million.
• Recent insider selling was reported, with VP Scott Posner selling 5,000 shares for a total of $252,500, representing a 6.64% decrease in his position.
• Terex Corporation announced a quarterly dividend of $0.17 per share, with an annualized basis of $0.68, reflecting a dividend yield of 1.4%.

Hancock Whitney Corp grew its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 7.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 204,149 shares of the industrial products company's stock after acquiring an additional 14,827 shares during the period. Hancock Whitney Corp owned about 0.31% of Terex worth $7,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEX. Neo Ivy Capital Management bought a new position in shares of Terex during the fourth quarter valued at approximately $29,000. UMB Bank n.a. raised its stake in Terex by 83.0% during the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after buying an additional 332 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock worth $29,000 after acquiring an additional 434 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Terex by 56.9% in 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 valued at $34,000 after purchasing an additional 424 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 5,000 shares of the firm's 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 transaction, the vice president directly owned 70,308 shares of the company's stock, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company's stock.

Terex Stock Performance

Shares of Terex stock opened at $49.23 on Thursday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 18.37, a PEG ratio of 5.03 and a beta of 1.65. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $58.66. 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 50 day moving average price of $50.19 and a 200 day moving average price of $44.30.

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, topping the consensus estimate of $1.44 by $0.05. The business 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 in the previous year, the firm posted $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Sell-side analysts expect 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. Investors of record on Monday, August 11th will be issued 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 dividend yield of 1.4%. Terex's payout ratio is 25.37%.

Wall Street Analyst Weigh In

TEX has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Truist Financial set a $62.00 target price on shares of Terex in a research report on Monday, August 4th. UBS Group lifted their price objective on Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target 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. Finally, The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and raised their target price for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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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