Edgestream Partners L.P. Makes New Investment in Terex Corporation $TEX

Edgestream Partners L.P. bought a new position in shares of Terex Corporation (NYSE:TEX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,242 shares of the industrial products company’s stock, valued at approximately $1,552,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TEX. Natixis Advisors LLC purchased a new stake in Terex in the first quarter worth $451,000. Jefferies Financial Group Inc. bought a new stake in shares of Terex during the 1st quarter valued at $214,000. Vanguard Group Inc. boosted its holdings in shares of Terex by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company’s stock valued at $254,991,000 after buying an additional 44,254 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Terex by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,021,704 shares of the industrial products company’s stock worth $38,600,000 after buying an additional 39,068 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Terex in the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Shares of TEX opened at $49.81 on Friday. The business’s fifty day simple moving average is $49.60 and its two-hundred day simple moving average is $49.46. The company has a current ratio of 2.15, a quick ratio of 1.20 and a debt-to-equity ratio of 1.28. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 5.05 and a beta of 1.70.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.28. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a return on equity of 15.93% and a net margin of 2.92%.The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Research analysts anticipate 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. Shareholders of record on Monday, November 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Terex’s payout ratio is 28.94%.

Insider Transactions at Terex

In related news, Director Andra Rush purchased 2,120 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average price of $46.59 per share, with a total value of $98,770.80. Following the acquisition, the director directly owned 25,428 shares in the company, valued at $1,184,690.52. The trade was a 9.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TEX. Weiss Ratings reissued 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 report on Monday, October 27th. UBS Group reduced their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Citigroup cut their target price on Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.55.

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.