Advisors Asset Management Inc. Has $3.02 Million Stock Holdings in Terex Corporation $TEX

Key Points

• Advisors Asset Management Inc. increased its stake in Terex Corporation (NYSE:TEX) by 12.3%, owning approximately 79,824 shares valued at $3,016,000 after additional purchases during the first quarter.
• Terex recently reported $1.49 earnings per share for the last quarter, exceeding expectations by $0.05, and its revenue rose by 7.6% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.17 per share, reflecting a 1.3% dividend yield, to be paid on September 19th to investors of record as of August 11th.

Advisors Asset Management Inc. increased its holdings in shares of Terex Corporation (NYSE:TEX - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,824 shares of the industrial products company's stock after acquiring an additional 8,746 shares during the period. Advisors Asset Management Inc. owned about 0.12% of Terex worth $3,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TEX. Wealth Enhancement Advisory Services LLC bought a new position in Terex during the fourth quarter worth about $59,179,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Terex by 8.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock worth $88,362,000 after buying an additional 188,195 shares in the last quarter. Nuveen LLC acquired a new position in shares of Terex in the 1st quarter worth approximately $6,985,000. Tema Etfs LLC lifted its position in shares of Terex by 235.5% during the 1st quarter. Tema Etfs LLC now owns 206,485 shares of the industrial products company's stock worth $7,801,000 after buying an additional 144,941 shares during the period. Finally, Paradoxiom Capital L.P. acquired a new stake in Terex in the 4th quarter valued at $5,862,000. Institutional investors own 92.88% of the company's stock.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 5,000 shares of the business'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 completion of the sale, the vice president directly owned 70,308 shares of the company's stock, valued at approximately $3,550,554. The trade was a 6.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Terex Price Performance

Shares of Terex stock traded down $1.46 during midday trading on Tuesday, reaching $51.23. The company had a trading volume of 1,100,278 shares, compared to its average volume of 660,163. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. The stock has a fifty day simple moving average of $50.55 and a 200 day simple moving average of $44.46. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $58.66. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 5.31 and a beta of 1.65.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities research analysts forecast that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird upgraded Terex from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $48.00 to $66.00 in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their target price on shares of Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Truist Financial set a $62.00 price target on shares of Terex in a report on Monday, August 4th. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, UBS Group raised their price objective on shares of Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. 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 stock. Based on data from MarketBeat, the stock currently 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.