Terex Corporation $TEX Shares Sold by Vest Financial LLC

Key Points

• Vest Financial LLC reduced its stake in Terex Corporation by 11.5%, now owning 38,345 shares worth $1,790,000.
• Terex reported a 7.6% increase in revenue year-over-year, totaling $1.49 billion, and exceeded analysts' EPS estimates with $1.49.
• The company recently declared a quarterly dividend of $0.17 per share, resulting in an annualized yield of 1.3% and a payout ratio of 25.37%.

Vest Financial LLC lowered its stake in Terex Corporation (NYSE:TEX - Free Report) by 11.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 38,345 shares of the industrial products company's stock after selling 4,990 shares during the quarter. Vest Financial LLC owned 0.06% of Terex worth $1,790,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Terex by 88.1% during the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company's stock worth $34,000 after purchasing an additional 424 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Terex by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company's stock worth $8,609,000 after purchasing an additional 3,525 shares during the last quarter. Private Trust Co. NA boosted its stake in Terex by 128.0% during the 1st 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 last quarter. GAMMA Investing LLC boosted its stake in Terex by 65.3% during the 1st quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company's stock worth $49,000 after purchasing an additional 517 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Terex by 6.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company's stock worth $278,000 after purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Trading Up 3.3%

NYSE TEX opened at $54.17 on Wednesday. The firm's 50-day moving average is $51.55 and its two-hundred day moving average is $46.61. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11. The stock has a market capitalization of $3.55 billion, a P/E ratio of 20.21, a PEG ratio of 5.28 and a beta of 1.66.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.05. Terex had a net margin of 3.46% and a return on equity of 15.95%. The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. Terex'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. On average, sell-side analysts anticipate that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

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

Insider Transactions at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of the business'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 sale, the vice president directly owned 70,308 shares in the company, valued at $3,550,554. This represents 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 available at the SEC website. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on TEX. UBS Group lifted their target price on shares of 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 price target on Terex in a report on Monday, August 4th. Wall Street Zen lowered Terex from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a report on Wednesday, October 8th. Finally, Citigroup lifted their price target on Terex from $55.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.67.

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.

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