Sequoia Financial Advisors LLC Takes Position in Terex Corporation $TEX

Key Points

• Sequoia Financial Advisors LLC has acquired a new stake in Terex Corporation, purchasing 4,846 shares valued at approximately $226,000 during the second quarter.
• Terex's recent earnings report showed EPS of $1.49 for the quarter, surpassing estimates, with revenue increasing by 7.6% year-over-year.
• The company declared a quarterly dividend of $0.17 per share, with the dividend payout date set for December 19th and a current dividend yield of 1.2%.

Sequoia Financial Advisors LLC bought a new stake in shares of Terex Corporation (NYSE:TEX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,846 shares of the industrial products company's stock, valued at approximately $226,000.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Terex by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company's stock valued at $8,609,000 after purchasing an additional 3,525 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Terex by 128.0% during 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Terex by 65.3% during the 1st quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 517 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Terex by 6.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company's stock valued at $278,000 after purchasing an additional 368 shares in the last quarter. Finally, Optimize Financial Inc bought a new stake in shares of Terex during the 1st quarter valued at about $212,000. Institutional investors own 92.88% of the company's stock.

Terex Trading Up 7.8%

Shares of NYSE TEX opened at $56.96 on Friday. The firm's 50 day moving average price is $52.21 and its 200-day moving average price is $47.42. The company has a market cap of $3.74 billion, a PE ratio of 21.25, a P/E/G ratio of 5.35 and a beta of 1.66. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $58.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The firm 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%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, equities research analysts expect that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. Terex's payout ratio is presently 25.37%.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

TEX has been the topic of several research reports. Truist Financial set a $62.00 price objective on shares of Terex in a research note on Monday, August 4th. 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 shares of Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Citigroup upped their price objective on shares of Terex from $55.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. Finally, Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Terex has an average rating of "Moderate Buy" and an average target price of $54.67.

About Terex

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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