Dimensional Fund Advisors LP Purchases 1,008,444 Shares of Terex Corporation $TEX

Dimensional Fund Advisors LP boosted its position in Terex Corporation (NYSE:TEX) by 29.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,442,435 shares of the industrial products company’s stock after purchasing an additional 1,008,444 shares during the period. Dimensional Fund Advisors LP’s holdings in Terex were worth $262,527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP bought a new stake in Terex in the third quarter valued at approximately $121,724,000. Invesco Ltd. boosted its stake in shares of Terex by 801.3% during the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after acquiring an additional 1,425,996 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Terex during the 4th quarter worth approximately $69,802,000. Morgan Stanley increased its holdings in shares of Terex by 77.2% during the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after acquiring an additional 727,277 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Terex during the 4th quarter worth approximately $33,828,000. Institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling at Terex

In other news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Terex Price Performance

Shares of NYSE TEX opened at $67.11 on Thursday. The firm has a market cap of $7.66 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69. The business’s 50 day moving average is $64.19 and its 200-day moving average is $62.75.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.20. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities research analysts predict that Terex Corporation will post 4.85 earnings per share for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Terex’s dividend payout ratio (DPR) is currently 32.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TEX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a report on Monday, May 11th. Barclays increased their price objective on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup raised their target price on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.45.

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.