Sierra Summit Advisors LLC Makes New $779,000 Investment in Terex Corporation $TEX

Sierra Summit Advisors LLC purchased a new stake in shares of Terex Corporation (NYSE:TEX) during the 1st quarter, Holdings Channel.com reports. The fund purchased 13,183 shares of the industrial products company’s stock, valued at approximately $779,000.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in Terex in the third quarter worth about $121,724,000. Invesco Ltd. lifted its stake in shares of Terex by 801.3% in the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after purchasing an additional 1,425,996 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Terex in the fourth quarter worth approximately $69,802,000. Morgan Stanley grew its position in Terex by 77.2% during the fourth quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after buying an additional 727,277 shares during the period. Finally, Norges Bank purchased a new stake in Terex during the fourth quarter valued at approximately $33,828,000. Institutional investors own 92.88% of the company’s stock.

Terex Stock Performance

NYSE TEX opened at $68.17 on Friday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. 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 moving average price of $63.40 and a 200-day moving average price of $61.60. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69.

Terex (NYSE:TEX) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s quarterly 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 predict that Terex Corporation will post 4.84 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. Investors of record on Tuesday, August 11th will be given a dividend of $0.17 per share. 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 dividend payout ratio is currently 32.54%.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent research reports. DA Davidson began coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Barclays started coverage on Terex in a report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 price target for the company. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Truist Financial boosted their price objective on Terex from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.73.

Insiders Place Their Bets

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

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.