Grantham Mayo Van Otterloo & Co. LLC Boosts Stock Position in Terex Corporation $TEX

Grantham Mayo Van Otterloo & Co. LLC boosted its position in Terex Corporation (NYSE:TEX) by 64.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,449 shares of the industrial products company’s stock after purchasing an additional 4,489 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Terex were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Terex by 44.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,027,830 shares of the industrial products company’s stock worth $51,176,000 after buying an additional 315,331 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Terex by 68.0% during the second quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock worth $32,909,000 after acquiring an additional 285,186 shares during the last quarter. Millennium Management LLC grew its stake in Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after acquiring an additional 234,470 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in 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 acquiring an additional 188,195 shares during the period. Finally, Nuveen LLC acquired a new position in Terex in the 1st quarter valued at $6,985,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TEX shares. Wells Fargo & Company began coverage on Terex in a report on Thursday, November 13th. They set an “equal weight” rating and a $50.00 price objective on the stock. Morgan Stanley set a $47.00 target price on Terex and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. UBS Group lowered their price target on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Citigroup dropped their price objective on shares of Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and an average target price of $56.55.

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush bought 2,120 shares of Terex stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the acquisition, the director owned 25,428 shares of the company’s stock, valued at $1,184,690.52. The trade was a 9.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Terex Stock Performance

Terex stock opened at $45.52 on Tuesday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 5.69 and a beta of 1.76. 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’s 50-day moving average is $49.80 and its 200-day moving average is $49.46.

Terex (NYSE:TEX) last issued its earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.28. Terex had a return on equity of 15.95% and a net margin of 3.46%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Equities analysts anticipate that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 10th. Terex’s dividend payout ratio (DPR) is currently 28.94%.

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.