Fuller & Thaler Asset Management Inc. Purchases 188,195 Shares of Terex Corporation $TEX

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Terex Corporation by 8.8%, owning a total of 2,338,868 shares, valued at approximately $88.36 million.
• Terex recently reported a Q2 EPS of $1.49, beating estimates, with revenues rising 7.6% year-over-year to $1.49 billion.
• The company is set to pay a quarterly dividend of $0.17 on September 19th, representing a 1.4% yield based on current share prices.

Fuller & Thaler Asset Management Inc. grew its stake in shares of Terex Corporation (NYSE:TEX - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,338,868 shares of the industrial products company's stock after buying an additional 188,195 shares during the period. Fuller & Thaler Asset Management Inc. owned 3.53% of Terex worth $88,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Terex in the fourth quarter worth $59,179,000. First Trust Advisors LP increased its position in Terex by 43.2% in the fourth quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company's stock worth $89,247,000 after purchasing an additional 582,819 shares during the last quarter. Nuveen LLC bought a new stake in Terex in the first quarter worth $6,985,000. Balyasny Asset Management L.P. increased its position in Terex by 66.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 352,780 shares of the industrial products company's stock worth $16,305,000 after purchasing an additional 141,352 shares during the last quarter. Finally, Paradoxiom Capital L.P. bought a new stake in Terex in the fourth quarter worth $5,862,000. Institutional investors own 92.88% of the company's stock.

Terex Trading Up 6.5%

Shares of NYSE:TEX traded up $3.15 on Friday, hitting $51.51. 755,984 shares of the company's stock were exchanged, compared to its average volume of 942,544. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 5.02 and a beta of 1.62. The business's 50 day simple moving average is $49.25 and its two-hundred day simple moving average is $43.98. 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 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. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $2.16 earnings per share. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $48.00 to $66.00 in a research report on Tuesday, May 13th. The Goldman Sachs Group raised shares of Terex from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. Truist Financial set a $62.00 price objective on shares of Terex in a research note on Monday, August 4th. Wall Street Zen raised shares of Terex from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $52.22.

Insider Buying and Selling at Terex

In other news, VP Scott Posner sold 5,000 shares of Terex stock in a transaction on Tuesday, August 12th. The stock was 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 in the company, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company's stock.

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.