Terex Corporation $TEX Shares Sold by State of Wyoming

State of Wyoming lowered its stake in shares of Terex Corporation (NYSE:TEX) by 62.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,987 shares of the industrial products company’s stock after selling 11,376 shares during the quarter. State of Wyoming’s holdings in Terex were worth $413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio acquired a new position in Terex during the 1st quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Terex in the first quarter worth $47,000. Capital Advisors Ltd. LLC lifted its stake in shares of Terex by 856.2% during the first quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock worth $50,000 after buying an additional 762 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after buying an additional 189 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Performance

NYSE TEX opened at $69.73 on Monday. The stock has a 50-day simple moving average of $64.48 and a two-hundred day simple moving average of $62.94. The firm has a market capitalization of $7.96 billion, a P/E ratio of 33.36, a PEG ratio of 1.09 and a beta of 1.49. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84.

Terex (NYSE:TEX) last issued its 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 firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, equities analysts forecast that Terex Corporation will post 4.85 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, August 11th. Terex’s dividend payout ratio is currently 32.54%.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the transaction, the insider directly owned 48,706 shares of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TEX has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $84.00 target price on shares of Terex in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 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 note on Monday, May 11th. Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, DA Davidson initiated coverage on Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Terex has an average rating of “Moderate Buy” and a consensus price target of $79.45.

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.