Andra Rush Purchases 2,120 Shares of Terex (NYSE:TEX) Stock

Terex Corporation (NYSE:TEX) Director Andra Rush bought 2,120 shares of the company’s stock in a transaction 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 completion of the acquisition, the director owned 25,428 shares in the company, valued at $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Terex Stock Up 1.9%

Shares of Terex stock opened at $46.97 on Wednesday. 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 Corporation has a 1 year low of $31.53 and a 1 year high of $58.66. The firm’s 50-day moving average is $52.41 and its two-hundred day moving average is $48.66. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 5.69 and a beta of 1.66.

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 the consensus estimate of $1.22 by $0.28. Terex had a net margin of 3.46% and a return on equity of 15.95%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business earned $1.46 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, research analysts expect that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 10th. Terex’s dividend payout ratio is currently 28.94%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TEX shares. UBS Group increased their price objective on Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. 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 report on Monday, October 27th. Citigroup dropped their target price on Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley set a $47.00 target price on Terex and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and an average target price of $57.30.

Hedge Funds Weigh In On Terex

A number of hedge funds have recently bought and sold shares of TEX. Rise Advisors LLC boosted its position in Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 241 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 369 shares in the last quarter. Private Trust Co. NA boosted its position in Terex by 128.0% during 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. Strs Ohio purchased a new position in Terex during the first quarter worth approximately $30,000. Finally, Hexagon Capital Partners LLC boosted its position in Terex by 56.9% during the first quarter. Hexagon Capital Partners LLC now owns 847 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 92.88% 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.