242,558 Shares in Terex Corporation $TEX Acquired by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in shares of Terex Corporation (NYSE:TEX) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 242,558 shares of the industrial products company’s stock, valued at approximately $14,335,000.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted 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 worth $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio bought a new position in shares of Terex during the first quarter valued at $30,000. Capital Advisors Ltd. LLC increased its holdings in shares of Terex by 856.2% during the first quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 762 shares in the last quarter. UMB Bank n.a. raised its position in shares of Terex by 15.0% in the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 189 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Terex in the 4th quarter worth about $88,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TEX shares. Citigroup increased their price objective on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price on shares of Terex in a research note on Wednesday, May 6th. DA Davidson assumed coverage on shares of Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price target on the stock. Finally, Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.45.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares in the company, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Terex Trading Up 2.8%

Shares of TEX stock opened at $64.68 on Wednesday. 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. The firm’s 50 day moving average is $64.10 and its 200 day moving average is $62.65. The stock has a market capitalization of $7.39 billion, a P/E ratio of 30.95, a P/E/G ratio of 0.98 and a beta of 1.49.

Terex (NYSE:TEX) last posted its earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The business 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%. The firm’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Research analysts expect that Terex Corporation will post 4.85 earnings per share for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s payout ratio is presently 32.54%.

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.