Jump Financial LLC Buys Shares of 107,846 Terex Corporation $TEX

Key Points

• Jump Financial LLC invested approximately $4.07 million in Terex Corporation by acquiring 107,846 shares in the 1st quarter, representing 0.16% ownership of the company.
• Institutional investors collectively own 92.88% of Terex's stock, with Fifth Third Bancorp and Private Trust Co. NA significantly increasing their holdings during the same period.
• Terex announced a quarterly dividend of $0.17 per share, with an annual yield of 1.3%, as well as a strong performance in its latest earnings report, surpassing revenue and EPS estimates.

Jump Financial LLC purchased a new position in shares of Terex Corporation (NYSE:TEX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 107,846 shares of the industrial products company's stock, valued at approximately $4,074,000. Jump Financial LLC owned 0.16% of Terex as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Terex by 0.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 36,671 shares of the industrial products company's stock valued at $1,695,000 after purchasing an additional 237 shares in the last quarter. Hexagon Capital Partners LLC grew its position in Terex by 56.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company's stock worth $32,000 after acquiring an additional 307 shares during the last quarter. UMB Bank n.a. increased its holdings in Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock worth $28,000 after purchasing an additional 332 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Terex by 88.1% during the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock worth $34,000 after purchasing an additional 424 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Terex by 128.0% during the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock worth $29,000 after buying an additional 434 shares during the period. Institutional investors own 92.88% of the company's stock.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 5,000 shares of Terex stock in a transaction 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 transaction, the vice president directly owned 70,308 shares of the company's stock, valued at $3,550,554. The trade was a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TEX. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. UBS Group raised their price objective on 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. increased their target price 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. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $60.00 in a research report on Tuesday, May 27th. Finally, Truist Financial set a $62.00 target price on shares of Terex in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Terex presently has an average rating of "Moderate Buy" and an average target price of $52.22.

Terex Stock Down 4.0%

Shares of TEX traded down $2.08 during trading hours on Friday, hitting $50.05. The stock had a trading volume of 1,579,500 shares, compared to its average volume of 680,865. The firm has a market capitalization of $3.28 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 5.03 and a beta of 1.62. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66. The firm has a 50 day simple moving average of $49.96 and a 200-day simple moving average of $44.20. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating 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%. Terex's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Sell-side analysts predict that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors 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 yield of 1.4%. The ex-dividend date of this dividend is Monday, August 11th. Terex's dividend payout ratio is presently 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.