IQ EQ FUND MANAGEMENT IRELAND Ltd Has $930,000 Position in Terex Corporation $TEX

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Terex Corporation (NYSE:TEX) by 35.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,923 shares of the industrial products company’s stock after purchasing an additional 5,216 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Terex were worth $930,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEX. GAMMA Investing LLC boosted its stake in Terex by 65.3% in the first quarter. GAMMA Investing LLC now owns 1,309 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 517 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Terex by 6.3% in the first quarter. Perigon Wealth Management LLC now owns 10,277 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 607 shares in the last quarter. Private Trust Co. NA boosted its stake in Terex by 128.0% in the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 434 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Terex by 1.6% during the first quarter. Principal Financial Group Inc. now owns 227,876 shares of the industrial products company’s stock valued at $8,609,000 after acquiring an additional 3,525 shares during the period. Finally, Hexagon Capital Partners LLC lifted its stake 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 acquiring an additional 307 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TEX shares. Citigroup upped their price target on Terex from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Truist Financial set a $62.00 price target on Terex in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday. Finally, UBS Group upped their price target on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.20.

Terex Trading Down 2.4%

NYSE TEX opened at $57.07 on Wednesday. The stock has a 50-day simple moving average of $52.61 and a 200 day simple moving average of $48.08. The company has a market capitalization of $3.74 billion, a PE ratio of 21.30, a P/E/G ratio of 5.95 and a beta of 1.66. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 1.31. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66.

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

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 10th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, November 10th. Terex’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling

In related news, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total value of $252,500.00. Following the completion of the sale, the vice president owned 70,308 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

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.