Swiss National Bank Acquires 94,962 Shares of Terex Corporation $TEX

Swiss National Bank increased its holdings in Terex Corporation (NYSE:TEX) by 73.3% during the first quarter, Holdings Channel reports. The firm owned 224,462 shares of the industrial products company’s stock after acquiring an additional 94,962 shares during the quarter. Swiss National Bank’s holdings in Terex were worth $13,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capricorn Fund Managers Ltd purchased a new position in shares of Terex in the fourth quarter worth $6,939,000. CenterBook Partners LP bought a new position in shares of Terex during the fourth quarter worth $934,000. Y Intercept Hong Kong Ltd purchased a new position in Terex during the first quarter valued at $6,439,000. M&T Bank Corp grew its stake in Terex by 814.9% during the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock valued at $3,657,000 after acquiring an additional 61,014 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Terex by 147.8% during the fourth quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 23,875 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Up 1.8%

Shares of NYSE TEX opened at $69.73 on Friday. 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 12-month low of $41.70 and a 12-month high of $74.69. The firm’s 50-day moving average price is $64.48 and its 200-day moving average price is $62.89. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 1.09 and a beta of 1.49.

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

Terex Dividend Announcement

The business 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 $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Terex’s payout ratio is 32.54%.

Insider Buying and Selling at Terex

In other news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TEX shares. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Evercore restated an “outperform” rating and set a $81.00 price objective on shares of Terex in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. Citigroup boosted their target price on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Terex currently has a consensus rating of “Moderate Buy” and a consensus price target 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.