Universal Beteiligungs und Servicegesellschaft mbH Buys 3,652 Shares of Terex Corporation $TEX

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Terex Corporation (NYSE:TEX) by 25.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,920 shares of the industrial products company’s stock after buying an additional 3,652 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Terex were worth $837,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cozad Asset Management Inc. boosted its holdings in shares of Terex by 12.0% during the 1st quarter. Cozad Asset Management Inc. now owns 30,220 shares of the industrial products company’s stock valued at $1,142,000 after acquiring an additional 3,243 shares in the last quarter. GSA Capital Partners LLP bought a new position in Terex in the first quarter valued at about $892,000. Vestcor Inc boosted its stake in shares of Terex by 18.1% during the first quarter. Vestcor Inc now owns 17,308 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 2,658 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of Terex during the first quarter valued at about $451,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Terex during the first quarter worth about $214,000. 92.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TEX has been the subject of a number of research reports. Raymond James Financial upgraded shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Monday, October 27th. Morgan Stanley set a $47.00 price target on shares of Terex and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Wells Fargo & Company initiated 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 on the stock. Finally, Truist Financial set a $62.00 target price on Terex in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Terex presently has a consensus rating of “Moderate Buy” and an average price target of $56.55.

Terex Trading Down 0.2%

NYSE:TEX opened at $45.77 on Thursday. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $58.66. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.11 and a current ratio of 2.08. The firm’s fifty day moving average is $50.20 and its 200-day moving average is $49.45. The firm has a market cap of $3.00 billion, a P/E ratio of 17.08, a P/E/G ratio of 5.69 and a beta of 1.76.

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

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be paid 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 payout ratio is currently 28.94%.

Insider Activity

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

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.