50,000 Shares in Terex Corporation $TEX Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. purchased a new stake in Terex Corporation (NYSE:TEX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 50,000 shares of the industrial products company’s stock, valued at approximately $2,669,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capricorn Fund Managers Ltd bought a new stake in Terex in the 4th quarter valued at $6,939,000. Lodge Hill Capital LLC boosted its stake in shares of Terex by 53.7% in the 3rd quarter. Lodge Hill Capital LLC now owns 529,450 shares of the industrial products company’s stock valued at $27,161,000 after purchasing an additional 185,000 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Terex by 253.8% in the 3rd quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company’s stock valued at $13,292,000 after purchasing an additional 185,863 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Terex by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,076,696 shares of the industrial products company’s stock valued at $55,235,000 after purchasing an additional 19,250 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Terex by 147.8% in the 4th quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after purchasing an additional 23,875 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Insider Activity

In related news, insider Joshua Gross sold 5,874 shares of the business’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 transaction, the insider owned 48,706 shares of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Terex Price Performance

Shares of TEX opened at $61.20 on Wednesday. The stock has a market capitalization of $6.99 billion, a P/E ratio of 29.28, a P/E/G ratio of 0.91 and a beta of 1.53. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $71.50. The company has a 50 day moving average of $60.40 and a 200-day moving average of $58.41. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57.

Terex (NYSE:TEX) last released its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating 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 business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the business earned $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. As a group, equities research analysts forecast that Terex Corporation will post 4.87 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 8th. Terex’s payout ratio is presently 32.54%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TEX. Morgan Stanley restated an “overweight” rating and issued a $84.00 target price on shares of Terex in a research note on Wednesday, May 6th. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research report on Monday, May 11th. Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.00 to $75.00 in a research report on Monday, March 9th. Wells Fargo & Company raised their target price on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.30.

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.