Livforsakringsbolaget Skandia Omsesidigt Reduces Stake in Terex Corporation $TEX

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has reduced its position in Terex Corporation by 48.6% during the 2nd quarter, now holding 17,100 shares valued at $798,000.
• Other institutional investors, such as Cetera Investment Advisers and Millennium Management, increased their stakes in Terex, indicating a trend of growing interest among hedge funds.
• Terex has reported a net margin of 3.46% and a year-over-year revenue growth of 7.6%, along with updating its FY 2025 earnings guidance to a range of 4.700-5.100 EPS.

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in Terex Corporation (NYSE:TEX - Free Report) by 48.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,100 shares of the industrial products company's stock after selling 16,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Terex were worth $798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted 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 buying an additional 332 shares during the period. Rise Advisors LLC raised its position in shares of Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock worth $28,000 after acquiring an additional 241 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Terex in the 4th quarter worth approximately $29,000. Private Trust Co. NA raised its position 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 acquiring an additional 434 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Terex in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TEX shares. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and increased their target price for the stock from $45.00 to $60.00 in a research report on Tuesday, May 27th. UBS Group increased their target price on Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Truist Financial set a $62.00 target price on Terex in a research report on Monday, August 4th. Wall Street Zen raised Terex from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. One equities research 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 stock. According to data from MarketBeat, Terex currently has an average rating of "Moderate Buy" and a consensus target price of $52.22.

Insider Activity at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of Terex stock in a transaction on Tuesday, August 12th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Terex Stock Up 0.0%

TEX stock traded up $0.02 during trading on Monday, hitting $51.99. 260,314 shares of the stock traded hands, compared to its average volume of 924,210. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 5.24 and a beta of 1.65. The firm's 50 day moving average is $50.88 and its two-hundred day moving average is $45.19. Terex Corporation has a 1 year low of $31.53 and a 1 year high of $58.66. 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 earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.05. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, sell-side analysts anticipate that Terex Corporation will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 11th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. Terex's dividend payout ratio (DPR) 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.