Versor Investments LP Purchases New Holdings in Terex Corporation $TEX

Versor Investments LP purchased a new stake in shares of Terex Corporation (NYSE:TEX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,600 shares of the industrial products company’s stock, valued at approximately $308,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rise Advisors LLC increased its position in shares of Terex by 65.3% during the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 241 shares during the period. Private Trust Co. NA increased its position in shares of Terex by 128.0% during the first quarter. Private Trust Co. NA now owns 773 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 434 shares during the period. Strs Ohio purchased a new position in shares of Terex during the first quarter worth approximately $30,000. Hantz Financial Services Inc. increased its position in shares of Terex by 6,800.0% during the second quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 680 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Terex by 56.4% during the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 259 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $47.00 target price on shares of Terex and gave the stock an “equal weight” rating in a research report on Tuesday. Raymond James Financial raised shares of Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Monday, October 27th. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Citigroup reduced their target price on shares of Terex from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, UBS Group lifted their price objective on shares of Terex from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.30.

Insider Activity at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 70,308 shares in the company, valued at $3,550,554. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andra Rush bought 2,120 shares of the stock in a transaction on Friday, October 31st. The stock was purchased 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 owned 25,428 shares of the company’s stock, valued at $1,184,690.52. This represents a 9.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.90% of the stock is owned by company insiders.

Terex Stock Performance

Shares of TEX stock opened at $46.94 on Thursday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 5.69 and a beta of 1.66. The company’s 50 day moving average is $52.30 and its 200 day moving average is $48.65. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 1.31. Terex Corporation has a 52-week low of $31.53 and a 52-week 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. The company 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 revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, sell-side analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Monday, November 10th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, November 10th. Terex’s dividend payout ratio (DPR) is 28.94%.

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.