LSV Asset Management Acquires 53,700 Shares of Terex Corporation $TEX

LSV Asset Management increased its holdings in shares of Terex Corporation (NYSE:TEX) by 48.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,900 shares of the industrial products company’s stock after purchasing an additional 53,700 shares during the quarter. LSV Asset Management’s holdings in Terex were worth $8,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its holdings in Terex by 28.1% in the fourth quarter. Handelsbanken Fonder AB now owns 21,453 shares of the industrial products company’s stock valued at $1,145,000 after acquiring an additional 4,700 shares during the period. ProShare Advisors LLC lifted its holdings in Terex by 4.2% in the fourth quarter. ProShare Advisors LLC now owns 14,410 shares of the industrial products company’s stock valued at $769,000 after acquiring an additional 586 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Terex in the fourth quarter valued at about $358,000. Bailard Inc. bought a new position in Terex in the fourth quarter valued at about $219,000. Finally, Denali Advisors LLC bought a new position in Terex in the fourth quarter valued at about $1,674,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

Shares of TEX opened at $57.81 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $60.42 and a two-hundred day simple moving average of $57.95. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 0.90 and a beta of 1.57. Terex Corporation has a 52 week low of $41.70 and a 52 week high of $71.50.

Terex (NYSE:TEX) last issued its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts expect that Terex Corporation will post 4.87 EPS for the current year.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the company’s 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 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TEX. Citigroup raised Terex from a “neutral” rating to a “buy” rating and increased their target price for the company from $73.00 to $75.00 in a report on Monday, March 9th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wells Fargo & Company increased their target price on Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Robert W. Baird set a $100.00 target price on Terex in a report on Thursday, February 12th. Finally, Evercore reissued an “outperform” rating and issued a $81.00 target price on shares of Terex in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.91.

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.