Oregon Public Employees Retirement Fund Buys 10,200 Shares of Terex Corporation $TEX

Oregon Public Employees Retirement Fund boosted its position in shares of Terex Corporation (NYSE:TEX) by 77.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 23,304 shares of the industrial products company’s stock after buying an additional 10,200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Terex were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Delta Capital Management LLC purchased a new stake in shares of Terex in the first quarter valued at $200,000. Resonant Capital Advisors LLC purchased a new position in shares of Terex during the 1st quarter worth about $269,000. Planning Center Inc. purchased a new position in shares of Terex during the 1st quarter worth about $406,000. Abel Hall LLC bought a new position in Terex during the 1st quarter valued at about $282,000. Finally, Praxis Investment Management Inc. bought a new position in Terex during the 1st quarter valued at about $216,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

TEX stock opened at $67.72 on Monday. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69. The business has a 50-day moving average price of $63.84 and a 200 day moving average price of $62.12. The company has a market capitalization of $7.73 billion, a P/E ratio of 32.40, a PEG ratio of 1.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88.

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

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend 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 32.54%.

Analyst Ratings Changes

Several brokerages have issued reports on TEX. JPMorgan Chase & Co. decreased their price objective on shares of Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Monday, April 20th. Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research note on Monday, May 11th. Finally, DA Davidson started coverage on Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Two research 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.73.

Insider Buying and Selling

In other Terex 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 $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Terex Company 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.