Pictet Asset Management Holding SA Boosts Stock Holdings in Terex Corporation $TEX

Pictet Asset Management Holding SA increased its position in shares of Terex Corporation (NYSE:TEX) by 81.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 18,107 shares of the industrial products company’s stock after buying an additional 8,102 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Terex were worth $1,070,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after buying an additional 369 shares in the last quarter. Strs Ohio purchased a new stake in shares of Terex during the 1st quarter worth about $30,000. Capital Advisors Ltd. LLC boosted its stake in shares of Terex by 856.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 762 shares in the last quarter. UMB Bank n.a. grew its position in shares of Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 189 shares during the period. Finally, Quarry LP acquired a new stake in shares of Terex during the 4th quarter valued at about $88,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Activity

In other news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the sale, the insider directly owned 48,706 shares of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Terex Stock Down 4.2%

TEX opened at $66.66 on Wednesday. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $63.61 and a 200 day moving average price of $61.88. The company has a market cap of $7.61 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.49.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the firm posted $0.83 EPS. Terex’s revenue was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Sell-side analysts expect that Terex Corporation will post 4.84 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 11th. Terex’s dividend payout ratio (DPR) is 32.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial increased their price target on Terex from $82.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Finally, Evercore reaffirmed an “outperform” rating and set a $81.00 target price on shares of Terex in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and a consensus price target of $76.73.

About Terex

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.