Fisher Asset Management LLC Cuts Stock Position in Terex Corporation $TEX

Fisher Asset Management LLC trimmed its stake in shares of Terex Corporation (NYSE:TEX) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,980,567 shares of the industrial products company’s stock after selling 57,179 shares during the period. Fisher Asset Management LLC owned 3.02% of Terex worth $101,603,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Terex by 68.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock valued at $32,909,000 after buying an additional 285,186 shares in the last quarter. Ballast Asset Management LP increased its stake in Terex by 57.0% during the 3rd quarter. Ballast Asset Management LP now owns 85,795 shares of the industrial products company’s stock worth $4,401,000 after buying an additional 31,145 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Terex by 48.4% during the third quarter. Retirement Systems of Alabama now owns 119,014 shares of the industrial products company’s stock valued at $6,105,000 after acquiring an additional 38,836 shares during the last quarter. Minneapolis Portfolio Management Group LLC lifted its position in shares of Terex by 42.6% in the third quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock valued at $33,206,000 after acquiring an additional 193,260 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Terex in the second quarter worth approximately $613,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TEX. Morgan Stanley reissued an “overweight” rating and issued a $83.00 price objective on shares of Terex in a research note on Tuesday, February 17th. UBS Group decreased their price target on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Truist Financial increased their price objective on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Terex in a research report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Terex currently has an average rating of “Hold” and an average target price of $69.00.

Terex Stock Up 1.1%

Shares of NYSE TEX opened at $69.53 on Tuesday. The business’s 50 day moving average is $61.42 and its two-hundred day moving average is $54.38. Terex Corporation has a 52-week low of $31.53 and a 52-week high of $71.50. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.39 and a beta of 1.62. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23.

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

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s dividend payout ratio is 20.42%.

Insider Buying and Selling

In other Terex news, insider Kieran Hegarty sold 11,980 shares of the business’s 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 transaction, the insider owned 173,495 shares in the company, valued at $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

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.