Terex Corporation $TEX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Terex Corporation (NYSE:TEX) by 1.3% during the third quarter, HoldingsChannel reports. The firm owned 6,557,022 shares of the industrial products company’s stock after selling 85,954 shares during the period. Vanguard Group Inc. owned 0.10% of Terex worth $336,375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in Terex by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after buying an additional 40,077 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Terex by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 705,297 shares of the industrial products company’s stock valued at $32,930,000 after acquiring an additional 10,741 shares during the period. JPMorgan Chase & Co. grew its position in shares of Terex by 68.0% during the second quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock worth $32,909,000 after acquiring an additional 285,186 shares during the last quarter. Minneapolis Portfolio Management Group LLC increased its holdings in shares of Terex by 42.6% in the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock worth $33,206,000 after acquiring an additional 193,260 shares during the period. Finally, Norges Bank bought a new stake in Terex in the 2nd quarter valued at about $24,870,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of Terex stock opened at $68.73 on Friday. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $71.50. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. The stock has a market cap of $7.81 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.38 and a beta of 1.68. The business has a fifty day simple moving average of $61.12 and a 200-day simple moving average of $54.22.

Terex (NYSE:TEX) last posted 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Terex’s quarterly revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, sell-side analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 6th. Terex’s dividend payout ratio is currently 20.42%.

Analyst Ratings Changes

Several research firms have commented on TEX. Wells Fargo & Company upped their target price on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Zacks Research downgraded Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. UBS Group decreased their price target on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wall Street Zen cut shares of Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $83.00 price objective on shares of Terex in a report on Tuesday, February 17th. Six 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.com, the company currently has an average rating of “Hold” and a consensus price target of $69.00.

Insider Transactions at Terex

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the sale, the insider owned 173,495 shares of the company’s stock, valued at $12,012,793.80. This trade represents a 6.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

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.