Terex Corporation $TEX Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 618,958 shares of the industrial products company's stock after buying an additional 119,330 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.93% of Terex worth $23,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Terex by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company's stock valued at $254,991,000 after buying an additional 44,254 shares during the period. Dimensional Fund Advisors LP grew its position in Terex by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company's stock valued at $115,247,000 after buying an additional 87,194 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Terex by 8.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock valued at $88,362,000 after buying an additional 188,195 shares during the period. American Century Companies Inc. grew its position in Terex by 1.4% during the first quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company's stock valued at $66,708,000 after buying an additional 24,484 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Terex during the fourth quarter valued at $59,179,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Performance

TEX opened at $52.90 on Monday. The firm has a market capitalization of $3.47 billion, a PE ratio of 19.74, a PEG ratio of 5.34 and a beta of 1.65. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $58.66. The firm's 50-day moving average price is $50.38 and its 200 day moving average price is $44.35. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31.

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

Terex Dividend Announcement

The company 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 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 1.3%. Terex's payout ratio is 25.37%.

Insider Buying and Selling

In other Terex news, VP Scott Posner sold 5,000 shares of Terex 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

TEX has been the topic of several analyst reports. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and raised their price target for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Evercore ISI lifted their target price on shares of Terex from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Robert W. Baird upgraded shares of Terex from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $48.00 to $66.00 in a research report on Tuesday, May 13th. Finally, Baird R W upgraded shares of Terex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.22.

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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