Teachers Retirement System of The State of Kentucky Boosts Position in Terex Corporation $TEX

Teachers Retirement System of The State of Kentucky boosted its holdings in Terex Corporation (NYSE:TEX) by 188.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,308 shares of the industrial products company’s stock after purchasing an additional 42,633 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Terex were worth $3,860,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new stake in Terex during the third quarter worth approximately $121,724,000. Invesco Ltd. lifted its position in shares of Terex by 801.3% during the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after buying an additional 1,425,996 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Terex in the 4th quarter valued at $69,802,000. Morgan Stanley boosted its holdings in shares of Terex by 77.2% in the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after buying an additional 727,277 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Terex in the 4th quarter valued at $33,828,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of TEX opened at $65.10 on Wednesday. The company’s 50 day simple moving average is $63.98 and its 200-day simple moving average is $62.27. The firm has a market cap of $7.43 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. Terex’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, equities analysts predict that Terex Corporation will post 4.84 EPS for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s payout ratio is currently 32.54%.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TEX shares. Morgan Stanley reiterated an “overweight” rating and set a $84.00 price target on shares of Terex in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research note on Monday, April 20th. Evercore reaffirmed an “outperform” rating and set a $81.00 price objective on shares of Terex in a report on Monday, May 11th. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Terex 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.