Livforsakringsbolaget Skandia Omsesidigt Trims Holdings in Terex Corporation $TEX

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Terex Corporation (NYSE:TEX) by 27.3%, owning 24,200 shares valued at approximately $1.13 million after selling 9,100 shares.
• Several hedge funds increased their stakes, with UMB Bank raising its position by 83%, reflecting growing institutional interest in Terex as 92.88% of the stock is owned by institutional investors.
• Terex's latest financial report showed earnings per share (EPS) of $1.49, exceeding estimates, and it declared a quarterly dividend of $0.17 per share, indicating a dividend yield of 1.3%.

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 27.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,200 shares of the industrial products company's stock after selling 9,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Terex were worth $1,130,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of Terex by 88.1% in the first quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock worth $34,000 after buying an additional 424 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Terex by 128.0% during the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company's stock worth $29,000 after acquiring an additional 434 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Terex by 1.6% in the first quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company's stock valued at $8,609,000 after acquiring an additional 3,525 shares during the period. GAMMA Investing LLC increased its stake in Terex by 65.3% in the 1st quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company's stock worth $49,000 after buying an additional 517 shares during the period. Finally, State of Wyoming bought a new stake in shares of Terex in the 4th quarter valued at about $141,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

NYSE:TEX traded down $1.34 during mid-day trading on Friday, hitting $52.03. 1,502,568 shares of the stock were exchanged, compared to its average volume of 729,526. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 5.38 and a beta of 1.65. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The firm's 50-day simple moving average is $50.88 and its 200 day simple moving average is $45.11. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $58.66.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings data 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. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $2.16 EPS. Terex's quarterly revenue was up 7.6% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 11th. Terex's dividend payout ratio (DPR) is 25.37%.

Insider Activity

In other Terex news, VP Scott Posner sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total transaction of $252,500.00. Following the sale, the vice president owned 70,308 shares in the company, valued at $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 SEC, which is available at this hyperlink. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and increased their price target for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. UBS Group lifted their price target on Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Truist Financial set a $62.00 target price on Terex in a report on Monday, August 4th. Finally, Wall Street Zen raised Terex from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.