Terex (NYSE:TEX) Insider Joshua Gross Sells 5,874 Shares

Terex Corporation (NYSE:TEX) insider Joshua Gross sold 5,874 shares of Terex stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the transaction, the insider owned 48,706 shares in the company, valued at $2,996,880.18. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Terex Price Performance

Shares of TEX traded up $3.55 during trading hours on Wednesday, hitting $64.46. 276,307 shares of the stock were exchanged, compared to its average volume of 1,730,631. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.36 and a current ratio of 1.84. Terex Corporation has a 12-month low of $38.52 and a 12-month high of $71.50. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The stock’s 50-day moving average price is $61.87 and its two-hundred day moving average price is $57.19.

Terex (NYSE:TEX) last issued its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Research analysts expect that Terex Corporation will post 4.81 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. Terex’s dividend payout ratio is 32.54%.

Institutional Investors Weigh In On Terex

Large investors have recently modified their holdings of the stock. Millennium Management LLC boosted its position in shares of Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after buying an additional 234,470 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 2,841 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock valued at $41,263,000 after acquiring an additional 40,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Terex by 0.8% during the 1st 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 acquiring an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Terex by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after buying an additional 14,629 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Citigroup raised Terex from a “neutral” rating to a “buy” rating and upped their target price for the company from $73.00 to $75.00 in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. JPMorgan Chase & Co. lowered their target price on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, Robert W. Baird set a $100.00 target price on shares of Terex in a research report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.73.

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.