Universal Beteiligungs und Servicegesellschaft mbH Has $4.52 Million Stock Position in Terex Corporation $TEX

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Terex Corporation (NYSE:TEX) by 391.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,081 shares of the industrial products company’s stock after buying an additional 70,161 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Terex worth $4,519,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 369 shares during the period. Strs Ohio bought a new stake in Terex in the 1st quarter valued at $30,000. Hantz Financial Services Inc. grew its position in Terex by 6,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 680 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 259 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Terex by 22.0% during the second quarter. Fifth Third Bancorp now owns 1,104 shares of the industrial products company’s stock valued at $52,000 after buying an additional 199 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Stock Performance

Shares of NYSE:TEX opened at $60.55 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.15 and a quick ratio of 1.20. The business’s fifty day moving average price is $53.55 and its two-hundred day moving average price is $51.84. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $62.51. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 5.38 and a beta of 1.67.

Terex (NYSE:TEX) last posted its earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.28. Terex had a net margin of 2.92% and a return on equity of 15.93%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, analysts predict that Terex Corporation will post 4.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on TEX. Morgan Stanley raised Terex from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $47.00 to $60.00 in a research report on Wednesday, December 10th. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Monday, October 27th. Wells Fargo & Company boosted their price objective on Terex from $50.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Finally, UBS Group decreased their price target on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.18.

Insiders Place Their Bets

In related news, Director Andra Rush bought 2,120 shares of the company’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $46.59 per share, with a total value of $98,770.80. Following the completion of the purchase, the director owned 25,428 shares in the company, valued at approximately $1,184,690.52. The trade was a 9.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Terex Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.