5,669 Shares in Terex Corporation $TEX Bought by Petrus Trust Company LTA

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) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,669 shares of the industrial products company's stock, valued at approximately $214,000.

Other hedge funds have also recently bought and sold shares of the company. Neo Ivy Capital Management bought a new stake in Terex in the 4th quarter valued at about $29,000. UMB Bank n.a. lifted its position in Terex by 83.0% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 332 shares during the last quarter. Private Trust Co. NA lifted its position in Terex by 128.0% in the 1st quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 434 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in Terex by 56.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company's stock valued at $32,000 after buying an additional 307 shares during the period. Finally, Fifth Third Bancorp increased its stake 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 buying an additional 424 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Terex Trading Up 1.9%

NYSE TEX traded up $0.99 on Monday, hitting $53.72. 90,435 shares of the stock were exchanged, compared to its average volume of 922,938. The company's 50-day moving average price is $50.73 and its two-hundred day moving average price is $44.71. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $58.66. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 5.31 and a beta of 1.65. 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 announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $2.16 earnings per share. The firm's revenue was up 7.6% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Research analysts predict that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. Terex's payout ratio is 25.37%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Terex from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and raised their target price for the company from $45.00 to $60.00 in a research note on Tuesday, May 27th. UBS Group raised their target price 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. Evercore ISI raised their target price 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. Finally, Truist Financial set a $62.00 price objective on shares of Terex in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.22.

Insider Transactions at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of Terex stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 directly owned 70,308 shares in the company, valued at $3,550,554. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is 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.