RPG Investment Advisory LLC Takes Position in Terex Corporation $TEX

RPG Investment Advisory LLC bought a new position in shares of Terex Corporation (NYSE:TEX) during the fourth quarter, Holdings Channel reports. The firm bought 18,960 shares of the industrial products company’s stock, valued at approximately $1,012,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEX. Smartleaf Asset Management LLC grew its position in Terex by 565.8% during the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after buying an additional 413 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Strs Ohio purchased a new stake in Terex during the first quarter worth about $30,000. Rise Advisors LLC raised its position in Terex by 108.9% in the third quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 664 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Terex by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 951 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the sale, the insider directly 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 this hyperlink. Company insiders own 1.90% of the company’s stock.

Terex Stock Performance

NYSE TEX opened at $58.43 on Friday. The firm has a market cap of $6.64 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64. 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 company’s 50 day moving average is $62.71 and its 200-day moving average is $55.88. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $71.50.

Terex (NYSE:TEX) last released its quarterly earnings data 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 company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm earned $0.77 EPS. Terex’s revenue for the quarter was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Sell-side analysts predict 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. Stockholders of record on Friday, March 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 6th. Terex’s dividend payout ratio (DPR) is presently 20.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TEX shares. Wall Street Zen downgraded shares of Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Zacks Research cut shares of Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Citigroup upgraded Terex from a “neutral” rating to a “buy” rating and upped their price objective for the company from $73.00 to $75.00 in a research note on Monday, March 9th. Truist Financial increased their price objective on Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.18.

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.