Vanguard Group Inc. Trims Stock Holdings in Terex Corporation $TEX

Vanguard Group Inc. reduced its position in Terex Corporation (NYSE:TEX) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,557,022 shares of the industrial products company’s stock after selling 85,954 shares during the quarter. Vanguard Group Inc. owned about 10.00% of Terex worth $336,375,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in Terex by 565.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 413 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares during the period. Hantz Financial Services Inc. boosted its holdings in Terex by 6,800.0% during the second quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock worth $32,000 after buying an additional 680 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 259 shares in the last quarter. Finally, Strs Ohio purchased a new position in Terex in the 1st quarter valued at approximately $30,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the sale, the insider owned 173,495 shares of the company’s stock, valued at $12,012,793.80. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Terex Stock Up 0.8%

Shares of NYSE:TEX opened at $68.73 on Friday. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $71.50. The stock’s 50-day moving average price is $61.12 and its two-hundred day moving average price is $54.22. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 1.23. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.38 and a beta of 1.68.

Terex (NYSE:TEX) last issued its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, hitting the consensus estimate of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. Terex’s revenue for the quarter was up 6.2% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, research analysts forecast that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a $0.17 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is presently 20.42%.

Analysts Set New Price Targets

Several analysts have weighed in on TEX shares. Wells Fargo & Company upped 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. Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. Zacks Research cut shares of Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $83.00 target price on shares of Terex in a research note on Tuesday, February 17th. Finally, Robert W. Baird set a $100.00 price target on Terex in a research report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.00.

Terex Company 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.