Terex Corporation $TEX Shares Sold by Tema Etfs LLC

Tema Etfs LLC reduced its position in Terex Corporation (NYSE:TEX) by 35.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 133,824 shares of the industrial products company’s stock after selling 72,661 shares during the quarter. Terex makes up about 1.7% of Tema Etfs LLC’s holdings, making the stock its 12th largest holding. Tema Etfs LLC’s holdings in Terex were worth $6,248,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Terex by 68.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock valued at $32,909,000 after purchasing an additional 285,186 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Terex by 6.6% in the 2nd quarter. QRG Capital Management Inc. now owns 5,954 shares of the industrial products company’s stock valued at $278,000 after buying an additional 368 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Terex in the 2nd quarter valued at approximately $613,000. XTX Topco Ltd purchased a new stake in shares of Terex in the second quarter valued at approximately $1,551,000. Finally, Nordea Investment Management AB grew its holdings in Terex by 37.5% during the second quarter. Nordea Investment Management AB now owns 149,487 shares of the industrial products company’s stock worth $7,021,000 after acquiring an additional 40,754 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley set a $47.00 target price on Terex and gave the company an “equal weight” rating in a report on Tuesday, November 4th. UBS Group lowered 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, October 8th. Citigroup decreased their price objective on shares of Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Wells Fargo & Company began coverage on shares of Terex in a report on Thursday, November 13th. They issued an “equal weight” rating and a $50.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Terex currently has a consensus rating of “Moderate Buy” and an average target price of $56.55.

Terex Stock Up 1.1%

Shares of NYSE TEX opened at $50.24 on Friday. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $58.66. The company has a market capitalization of $3.30 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 4.99 and a beta of 1.70. 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 firm’s 50-day moving average is $49.64 and its two-hundred day moving average is $49.45.

Terex (NYSE:TEX) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company posted $1.46 EPS. 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. Equities analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

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

Insider Activity

In related news, Director Andra Rush acquired 2,120 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average price of $46.59 per share, with a total value of $98,770.80. Following the completion of the purchase, the director directly owned 25,428 shares in the company, valued at approximately $1,184,690.52. The trade was a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Terex 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.