Cascade Investment Advisors Inc. Buys 475 Shares of Terex Corporation $TEX

Cascade Investment Advisors Inc. grew its stake in shares of Terex Corporation (NYSE:TEX) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,730 shares of the industrial products company’s stock after acquiring an additional 475 shares during the period. Cascade Investment Advisors Inc.’s holdings in Terex were worth $1,155,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TEX. UMB Bank n.a. grew its stake in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 332 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Terex by 65.3% in the 2nd quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after buying an additional 241 shares during the period. Private Trust Co. NA increased its stake 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 valued at $29,000 after buying an additional 434 shares during the period. Strs Ohio bought a new stake in shares of Terex in the first quarter valued at about $30,000. Finally, Hexagon Capital Partners LLC increased its position in Terex by 56.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 307 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Activity at Terex

In other news, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 70,308 shares of the company’s stock, valued at $3,550,554. This represents a 6.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Terex Stock Down 6.7%

Shares of TEX stock opened at $50.52 on Monday. The stock’s 50-day simple moving average is $51.40 and its 200-day simple moving average is $46.46. The firm has a market capitalization of $3.31 billion, a PE ratio of 18.85, a P/E/G ratio of 5.09 and a beta of 1.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $58.66.

Terex (NYSE:TEX) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a net margin of 3.46% and a return on equity of 15.95%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Equities analysts expect that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TEX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. UBS Group lifted their price target on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup boosted their target price on shares of Terex from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Finally, Truist Financial set a $62.00 price objective on shares of Terex in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently 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.