Petrus Trust Company LTA Invests $214,000 in Terex Corporation $TEX

Key Points

• Petrus Trust Company LTA has acquired a new position in Terex Corporation, purchasing 5,669 shares valued at approximately $214,000.
• Institutional investors now own 92.88% of Terex's stock, with significant increases in holdings from several firms during the first quarter.
• Terex recently announced a quarterly dividend of $0.17 per share, with a dividend yield of 1.3%.

Petrus Trust Company LTA purchased a new position in Terex Corporation (NYSE:TEX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,669 shares of the industrial products company's stock, valued at approximately $214,000.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp increased 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 buying an additional 424 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Terex by 128.0% during the first 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 in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Terex by 1.6% during the first quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company's stock worth $8,609,000 after buying an additional 3,525 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Terex by 65.3% during the first quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company's stock worth $49,000 after buying an additional 517 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Terex during the fourth quarter worth approximately $141,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Price Performance

Shares of TEX traded down $0.45 during mid-day trading on Friday, hitting $52.75. 580,545 shares of the company traded hands, compared to its average volume of 679,381. Terex Corporation has a one year low of $31.53 and a one year high of $58.66. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 5.36 and a beta of 1.65. 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 business has a 50-day moving average of $50.73 and a 200 day moving average of $44.67.

Terex (NYSE:TEX - Get Free Report) last released 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts expect that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 11th will be paid a $0.17 dividend. 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 1.3%. Terex's dividend payout ratio is 25.37%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TEX. Wall Street Zen raised shares of Terex from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. UBS Group increased their price target on shares of Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. increased their price target on shares of Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Finally, Evercore ISI increased their price target on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Terex currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.22.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 5,000 shares of the 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 transaction, the vice president owned 70,308 shares of the company's stock, valued at $3,550,554. This represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

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.