Tema Etfs LLC increased its position in Terex Corporation (NYSE:TEX - Free Report) by 235.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,485 shares of the industrial products company's stock after acquiring an additional 144,941 shares during the period. Terex makes up 2.3% of Tema Etfs LLC's portfolio, making the stock its 13th biggest position. Tema Etfs LLC owned approximately 0.31% of Terex worth $7,801,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in Terex by 83.0% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the industrial products company's stock worth $28,000 after acquiring an additional 332 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Terex during the fourth quarter valued at about $29,000. Private Trust Co. NA lifted its holdings in Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock worth $29,000 after purchasing an additional 434 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Terex by 56.9% in the first 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. Finally, Fifth Third Bancorp grew its position in Terex by 88.1% in 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 in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.
Terex Price Performance
Shares of NYSE TEX traded down $2.08 during trading on Friday, hitting $50.05. The company had a trading volume of 1,579,500 shares, compared to its average volume of 680,865. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $58.66. The business's 50-day moving average is $49.96 and its 200 day moving average is $44.20. The company has a market cap of $3.28 billion, a P/E ratio of 18.68, a PEG ratio of 5.03 and a beta of 1.62. 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 released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share for the quarter, beating 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%.Terex's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Equities research analysts predict that Terex Corporation will post 4.83 earnings per share for the current fiscal year.
Terex Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Terex's dividend payout ratio is currently 25.37%.
Insider Buying and Selling
In other Terex news, VP Scott Posner sold 5,000 shares of the company's stock in a transaction dated 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 sale, the vice president directly owned 70,308 shares of the company's stock, valued at approximately $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.
Wall Street Analysts Forecast Growth
TEX has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and upped their price target for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Wall Street Zen raised shares of Terex from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Finally, Truist Financial set a $62.00 price target on shares of Terex in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.22.
Get Our Latest Stock Report on TEX
About Terex
(
Free Report)
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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