Fisher Asset Management LLC Cuts Stock Position in Terex Corporation $TEX

Fisher Asset Management LLC decreased its position in shares of Terex Corporation (NYSE:TEX) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,968,982 shares of the industrial products company’s stock after selling 11,585 shares during the quarter. Fisher Asset Management LLC’s holdings in Terex were worth $105,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TEX. Millennium Management LLC grew its position in shares of Terex by 1,086.3% during the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after purchasing an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock valued at $41,263,000 after purchasing an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock valued at $7,375,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after purchasing an additional 14,629 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TEX shares. Barclays started coverage on Terex in a research report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 price objective for the company. Evercore restated an “outperform” rating and set a $81.00 price objective on shares of Terex in a research report on Monday, May 11th. Wells Fargo & Company raised their price objective on Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research report on Monday, May 11th. Finally, Robert W. Baird set a $100.00 price objective on Terex in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.91.

Terex Trading Up 0.1%

TEX opened at $57.81 on Tuesday. The firm has a market cap of $6.60 billion, a P/E ratio of 27.66, a P/E/G ratio of 0.90 and a beta of 1.57. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $71.50. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $60.42 and a 200 day moving average of $57.95.

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. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, research analysts forecast that Terex Corporation will post 4.87 EPS for the current year.

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.