Tema Etfs LLC Has $9.77 Million Stake in Terex Corporation $TEX

Tema Etfs LLC raised its stake in shares of Terex Corporation (NYSE:TEX) by 30.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,966 shares of the industrial products company’s stock after buying an additional 43,158 shares during the period. Tema Etfs LLC owned 0.28% of Terex worth $9,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of Terex by 1,086.3% during the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Terex by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Terex by 3.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after purchasing an additional 40,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after purchasing an additional 1,597 shares during the period. Finally, Intech Investment Management LLC boosted its position in Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after purchasing an additional 14,629 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Activity

In other news, insider Kieran Hegarty sold 11,980 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total transaction of $829,495.20. Following the transaction, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. The trade was a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Terex Stock Performance

TEX opened at $60.35 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. The stock’s 50 day moving average price is $62.80 and its two-hundred day moving average price is $55.80. The firm has a market capitalization of $6.86 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.19 and a beta of 1.62. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $71.50.

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 analysts’ consensus estimates of $1.12. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Terex had a return on equity of 16.51% and a net margin of 4.08%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, equities analysts forecast that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, March 6th. Terex’s dividend payout ratio (DPR) is currently 20.42%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TEX. Robert W. Baird set a $100.00 price target on Terex in a report on Thursday, February 12th. 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 lowered shares of Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. started coverage on shares of Terex in a report on Wednesday, March 4th. They issued a “neutral” rating and a $76.00 target price on the stock. Finally, Barclays began coverage on shares of Terex in a research report on Tuesday. They set an “overweight” rating and a $65.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.18.

About Terex

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.