Voya Investment Management LLC Has $1.74 Million Stake in Terex Corporation $TEX

Voya Investment Management LLC cut its position in Terex Corporation (NYSE:TEX) by 26.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,957 shares of the industrial products company’s stock after selling 12,098 shares during the quarter. Voya Investment Management LLC’s holdings in Terex were worth $1,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in Terex during the first quarter valued at approximately $217,000. State of Wyoming increased its stake in shares of Terex by 65.6% in the 1st quarter. State of Wyoming now owns 5,039 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 1,997 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Terex by 12.3% in the 1st quarter. Advisors Asset Management Inc. now owns 79,824 shares of the industrial products company’s stock valued at $3,016,000 after purchasing an additional 8,746 shares during the last quarter. Concentric Capital Strategies LP acquired a new position in shares of Terex during the 1st quarter worth $1,202,000. Finally, Hancock Whitney Corp lifted its position in shares of Terex by 7.8% during the 1st quarter. Hancock Whitney Corp now owns 204,149 shares of the industrial products company’s stock worth $7,713,000 after buying an additional 14,827 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TEX. Wells Fargo & Company began coverage on Terex in a research note on Thursday, November 13th. They set an “equal weight” rating and a $50.00 target price for the company. Wall Street Zen cut shares of Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. UBS Group dropped their price objective on shares of Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. 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 note on Monday, October 27th. Finally, Citigroup dropped their price target on Terex from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. One 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. Based on data from MarketBeat, Terex presently has a consensus rating of “Moderate Buy” and an average target price of $57.73.

Insider Activity

In related news, Director Andra Rush acquired 2,120 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average cost 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 $1,184,690.52. The trade was a 9.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is owned by company insiders.

Terex Price Performance

TEX stock opened at $54.06 on Tuesday. The company has a market capitalization of $3.55 billion, a P/E ratio of 23.01, a PEG ratio of 5.52 and a beta of 1.70. The company has a fifty day moving average price of $49.58 and a 200-day moving average price of $50.26. 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 52-week low of $31.53 and a 52-week high of $58.66.

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 the consensus estimate of $1.22 by $0.28. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Terex had a net margin of 2.92% and a return on equity of 15.93%. Terex’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. As a group, equities analysts expect that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, November 10th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, November 10th. Terex’s dividend payout ratio (DPR) is 28.94%.

Terex Company 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.