Wealth Enhancement Advisory Services LLC Sells 62,395 Shares of Terex Corporation $TEX

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Terex Corporation (NYSE:TEX) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 965,435 shares of the industrial products company’s stock after selling 62,395 shares during the period. Wealth Enhancement Advisory Services LLC owned 1.47% of Terex worth $50,849,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TEX. Minneapolis Portfolio Management Group LLC increased its position in shares of Terex by 42.6% in the third quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock worth $33,206,000 after purchasing an additional 193,260 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Terex by 3.4% in the 3rd quarter. Nordea Investment Management AB now owns 154,557 shares of the industrial products company’s stock valued at $7,872,000 after purchasing an additional 5,070 shares in the last quarter. Tema Etfs LLC increased its stake in shares of Terex by 4.5% in the 3rd quarter. Tema Etfs LLC now owns 139,808 shares of the industrial products company’s stock valued at $7,172,000 after purchasing an additional 5,984 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Terex by 23.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,157 shares of the industrial products company’s stock worth $829,000 after buying an additional 3,023 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Terex by 15.2% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 15,200 shares of the industrial products company’s stock worth $780,000 after buying an additional 2,000 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Andra Rush bought 2,120 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of $46.59 per share, with a total value of $98,770.80. Following the transaction, the director owned 25,428 shares of the company’s stock, valued at $1,184,690.52. This trade represents a 9.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Terex Trading Down 2.9%

Shares of NYSE:TEX traded down $1.73 during mid-day trading on Tuesday, reaching $58.66. 36,535 shares of the company’s stock were exchanged, compared to its average volume of 1,198,193. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.20 and a current ratio of 2.15. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $62.23. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 5.45 and a beta of 1.67. The business’s fifty day moving average price is $51.73 and its 200-day moving average price is $51.46.

Terex (NYSE:TEX) last announced 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. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. Terex had a return on equity of 15.93% and a net margin of 2.92%.Terex’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, research analysts predict that Terex Corporation will post 4.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Wednesday, October 8th. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Monday, October 27th. Wells Fargo & Company assumed coverage on shares of Terex in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $50.00 price objective for the company. UBS Group decreased their target price 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. Finally, Morgan Stanley upgraded Terex from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $47.00 to $60.00 in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.64.

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.