Moran Wealth Management LLC Sells 5,803 Shares of Terex Corporation $TEX

Key Points

• Moran Wealth Management LLC has reduced its holdings in Terex Corporation by 11.1%, selling 5,803 shares, and now owns approximately 46,376 shares valued at $2,165,000.
• Analysts have given Terex a consensus rating of "Moderate Buy" with a consensus price target of $54.67, though ratings vary from Strong Buy to Hold.
• Terex reported earnings of $1.49 per share for the last quarter, exceeding expectations, with a revenue increase of 7.6% year-over-year.

Moran Wealth Management LLC lessened its holdings in shares of Terex Corporation (NYSE:TEX - Free Report) by 11.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,376 shares of the industrial products company's stock after selling 5,803 shares during the period. Moran Wealth Management LLC owned about 0.07% of Terex worth $2,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TEX. Fifth Third Bancorp grew its holdings in Terex by 22.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company's stock worth $52,000 after acquiring an additional 199 shares in the last quarter. Rise Advisors LLC raised its holdings 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 valued at $28,000 after purchasing an additional 241 shares in the last quarter. Hexagon Capital Partners LLC lifted its position 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 worth $32,000 after purchasing an additional 307 shares during the period. Blue Trust Inc. boosted its stake in shares of Terex by 24.0% during the second quarter. Blue Trust Inc. now owns 1,870 shares of the industrial products company's stock valued at $87,000 after purchasing an additional 362 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Terex by 6.6% during the second quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company's stock valued at $278,000 after buying an additional 368 shares during the period. 92.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on TEX shares. Weiss Ratings restated a "hold (c)" rating on shares of Terex in a report on Wednesday, October 8th. UBS Group upped their price objective on Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Wall Street Zen lowered Terex from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Citigroup increased their price target on shares of Terex from $55.00 to $58.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Finally, Truist Financial set a $62.00 price target on shares of Terex in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.

Insider Buying and Selling

In other Terex news, VP Scott Posner sold 5,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total transaction of $252,500.00. Following the sale, the vice president owned 70,308 shares in the company, valued at approximately $3,550,554. The trade was 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. Corporate insiders own 1.90% of the company's stock.

Terex Stock Performance

TEX opened at $54.46 on Thursday. The company has a market cap of $3.57 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 5.46 and a beta of 1.66. 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 firm's 50-day moving average price is $51.67 and its 200-day moving average price is $46.67. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $58.66.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.05. The company had revenue of $1.49 billion for 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 in the previous year, the firm earned $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Company 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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