Tema Etfs LLC Has $9.77 Million Holdings in Terex Corporation $TEX

Tema Etfs LLC increased its position in shares of Terex Corporation (NYSE:TEX) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,966 shares of the industrial products company’s stock after purchasing an additional 43,158 shares during the period. Tema Etfs LLC’s holdings in Terex were worth $9,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Terex by 565.8% during the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after buying an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio acquired a new stake in shares of Terex during the 1st quarter valued at about $30,000. Rise Advisors LLC increased its stake in Terex by 108.9% in the third quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 664 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Terex by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 951 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TEX shares. Wall Street Zen downgraded Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Barclays initiated coverage on Terex in a research report on Tuesday. They issued an “overweight” rating and a $65.00 price target on the stock. Truist Financial lifted their price objective on Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. assumed coverage on shares of Terex in a report on Wednesday, March 4th. They issued a “neutral” rating and a $76.00 target price on the stock. Finally, Robert W. Baird set a $100.00 target price on shares of Terex in a research report on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Terex presently has an average rating of “Moderate Buy” and an average price target of $72.18.

Terex Price Performance

Terex stock opened at $60.35 on Thursday. The business’s fifty day moving average is $62.80 and its two-hundred day moving average is $55.80. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30. The firm has a market cap of $6.86 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.19 and a beta of 1.62. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $71.50.

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

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, March 6th. Terex’s dividend payout ratio is presently 20.42%.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 173,495 shares of the company’s stock, valued at $12,012,793.80. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by company insiders.

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.