Terex (NYSE:TEX) Director Andra Rush Acquires 2,120 Shares

Terex Corporation (NYSE:TEX) Director Andra Rush acquired 2,120 shares of Terex stock in a transaction on Friday, October 31st. The shares were bought at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the purchase, the director owned 25,428 shares of the company’s stock, valued at $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Terex Trading Down 0.1%

Shares of TEX opened at $45.99 on Tuesday. The stock’s 50-day moving average is $52.51 and its two-hundred day moving average is $48.57. The stock has a market cap of $3.02 billion, a PE ratio of 17.16, a P/E/G ratio of 5.69 and a beta of 1.66. 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.

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

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 10th. Terex’s payout ratio is currently 28.94%.

Analysts Set New Price Targets

A number of research analysts have commented on TEX shares. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Citigroup dropped their target price on Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Truist Financial set a $62.00 target price on Terex in a research report on Monday, August 4th. Finally, Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.60.

Institutional Trading of Terex

Several institutional investors and hedge funds have recently bought and sold shares of TEX. Rise Advisors LLC raised its stake in Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock valued at $28,000 after buying an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after buying an additional 369 shares in the last quarter. Private Trust Co. NA raised its stake in 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 in the last quarter. Strs Ohio acquired a new stake in Terex during the first quarter valued at approximately $30,000. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Terex by 56.9% during the first 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 last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Company 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.