Terex Corporation $TEX Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Terex Corporation to $254.99 million, now owning 10.18% of the company with 6,749,354 shares after buying an additional 44,254 shares in the first quarter.
• Multiple analysts have raised their ratings and price targets for Terex, with Robert W. Baird upgrading it from "neutral" to "outperform" and setting a target price of $66.00.
• Terex recently announced a quarterly dividend of $0.17 per share, yielding approximately 1.3%, with a dividend payout ratio of 25.37%.

Vanguard Group Inc. raised its holdings in Terex Corporation (NYSE:TEX - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,749,354 shares of the industrial products company's stock after buying an additional 44,254 shares during the period. Vanguard Group Inc. owned about 10.18% of Terex worth $254,991,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Jefferies Financial Group Inc. bought a new position in Terex in the 1st quarter valued at about $214,000. Natixis Advisors LLC bought a new stake in Terex in the 1st quarter valued at about $451,000. Vestcor Inc grew its stake in Terex by 18.1% in the 1st quarter. Vestcor Inc now owns 17,308 shares of the industrial products company's stock valued at $654,000 after purchasing an additional 2,658 shares during the period. GSA Capital Partners LLP bought a new stake in Terex in the first quarter worth about $892,000. Finally, Cozad Asset Management Inc. lifted its stake in Terex by 12.0% in the first quarter. Cozad Asset Management Inc. now owns 30,220 shares of the industrial products company's stock valued at $1,142,000 after purchasing an additional 3,243 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Performance

Shares of TEX traded up $2.9840 during mid-day trading on Friday, reaching $51.3440. The company had a trading volume of 425,361 shares, compared to its average volume of 940,353. The stock has a market capitalization of $3.37 billion, a P/E ratio of 19.14, a PEG ratio of 5.02 and a beta of 1.62. The stock has a 50 day moving average of $49.25 and a two-hundred day moving average of $43.98. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $58.66.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.05. The business had revenue of $1.49 billion during 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%. The company'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 firm earned $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, analysts expect that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The business also recently declared 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. 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded Terex from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Evercore ISI raised their price target on Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, Truist Financial set a $62.00 price target on shares of Terex in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.22.

Insider Transactions at Terex

In other news, VP Scott Posner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.