Terex (NYSE:TEX) Insider Sells $829,495.20 in Stock

Terex Corporation (NYSE:TEX) insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total value of $829,495.20. Following the transaction, the insider directly owned 173,495 shares of the company’s stock, valued at approximately $12,012,793.80. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Terex Trading Down 1.2%

Terex stock opened at $68.14 on Friday. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $71.50. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.68. The business’s fifty day simple moving average is $59.58 and its two-hundred day simple moving average is $53.54. The company has a current ratio of 2.30, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23.

Terex (NYSE:TEX) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share for the quarter, meeting the consensus estimate of $1.12. Terex had a return on equity of 16.51% and a net margin of 4.08%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.77 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. As a group, equities analysts predict that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Terex’s dividend payout ratio is presently 20.42%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TEX shares. Wall Street Zen cut Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Zacks Research downgraded Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday. Wells Fargo & Company upped their target price on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Finally, Truist Financial raised their price target on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Terex has an average rating of “Hold” and a consensus target price of $69.00.

Hedge Funds Weigh In On Terex

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in Terex by 68.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock worth $32,909,000 after purchasing an additional 285,186 shares during the period. Ballast Asset Management LP increased its position in Terex by 57.0% in the third quarter. Ballast Asset Management LP now owns 85,795 shares of the industrial products company’s stock worth $4,401,000 after buying an additional 31,145 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Terex by 48.4% in the third quarter. Retirement Systems of Alabama now owns 119,014 shares of the industrial products company’s stock worth $6,105,000 after buying an additional 38,836 shares during the period. Minneapolis Portfolio Management Group LLC lifted its position in shares of Terex by 42.6% during the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock valued at $33,206,000 after buying an additional 193,260 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Terex during the 2nd quarter valued at approximately $613,000. Institutional investors own 92.88% of the company’s stock.

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.