Terex Corporation $TEX Position Reduced by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Terex Corporation by 3.6% in Q2, owning 1,702,139 shares worth $79.47 million. Other institutional investors adjusted their positions in Terex, with 92.88% of the stock held by such investors. Terex's stock opened at $45.77, with a market cap of $3 billion. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of $56.55.

American Century Companies Inc. lowered its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,702,139 shares of the industrial products company's stock after selling 63,551 shares during the quarter. American Century Companies Inc. owned about 2.59% of Terex worth $79,473,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors also recently bought and sold shares of TEX. Rise Advisors LLC grew its stake in shares of Terex by 65.3% in the second quarter. Rise Advisors LLC now owns 610 shares of the industrial products company's stock worth $28,000 after purchasing an additional 241 shares in the last quarter. Strs Ohio acquired a new position in shares of Terex in the 1st quarter valued at about $30,000. Hantz Financial Services Inc. boosted its position in Terex by 6,800.0% during the second quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 680 shares during the last quarter. Bessemer Group Inc. raised its position in Terex by 56.4% during the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 259 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Terex during the first quarter worth $37,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Trading Down 0.2%

Shares of TEX stock opened at $45.77 on Thursday. 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 company has a market cap of $3.00 billion, a P/E ratio of 17.08, a PEG ratio of 5.69 and a beta of 1.76. The stock has a 50 day simple moving average of $50.20 and a two-hundred day simple moving average of $49.45. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $58.66.

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Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, October 30th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 15.95% and a net margin of 3.46%.Terex's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $1.46 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Research analysts forecast that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 10th will be issued 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 dividend payout ratio (DPR) is presently 28.94%.

Analyst Ratings Changes

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A number of research analysts have recently commented on TEX shares. Citigroup cut their price target on Terex from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Monday, November 3rd. Wall Street Zen upgraded Terex from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research report on Wednesday, October 8th. Morgan Stanley set a $47.00 price objective on shares of Terex and gave the company an "equal weight" rating in a research report on Tuesday, November 4th. Finally, UBS Group cut their price target on Terex from $52.00 to $51.00 and set a "neutral" rating on the stock in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Terex presently has a consensus rating of "Moderate Buy" and an average price target of $56.55.

View Our Latest Stock Analysis on Terex

Insider Buying and Selling at Terex

In other Terex news, Director Andra Rush purchased 2,120 shares of the company's stock in a transaction dated Friday, October 31st. The stock was purchased at an average price of $46.59 per share, for a total transaction of $98,770.80. Following the transaction, the director 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 document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Terex Company Profile

(Free Report)

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.

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