Terex Corporation $TEX Shares Sold by Burney Co.

Burney Co. lessened its stake in Terex Corporation (NYSE:TEX) by 74.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,667 shares of the industrial products company’s stock after selling 13,282 shares during the quarter. Burney Co.’s holdings in Terex were worth $218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Terex by 44.3% in the 2nd 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 during the period. Millennium Management LLC increased its stake in Terex by 1,086.3% during the first 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 last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of 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 valued at $88,362,000 after purchasing an additional 188,195 shares in the last quarter. Nuveen LLC acquired a new position in shares of Terex in the 1st quarter valued at about $6,985,000. Finally, Tema Etfs LLC grew its holdings in shares of Terex by 235.5% during the 1st quarter. Tema Etfs LLC now owns 206,485 shares of the industrial products company’s stock worth $7,801,000 after purchasing an additional 144,941 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Performance

Shares of TEX stock opened at $46.16 on Friday. 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 company’s fifty day moving average price is $52.18 and its two-hundred day moving average price is $48.63. The firm has a market capitalization of $3.03 billion, a P/E ratio of 17.22, a P/E/G 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.

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

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 10th will be given 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 is presently 28.94%.

Insider Activity at Terex

In related news, VP Scott Posner sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the sale, the vice president directly owned 70,308 shares of the company’s stock, valued at $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andra Rush acquired 2,120 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of $46.59 per share, with a total value 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. Morgan Stanley set a $47.00 target price on shares of Terex and gave the company an “equal weight” rating in a report on Tuesday. Citigroup lowered their price target on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a report on Monday. UBS Group cut their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.20.

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.