M&T Bank Corp Has $3.66 Million Holdings in Terex Corporation $TEX

M&T Bank Corp boosted its position in shares of Terex Corporation (NYSE:TEX) by 814.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,501 shares of the industrial products company’s stock after acquiring an additional 61,014 shares during the period. M&T Bank Corp’s holdings in Terex were worth $3,657,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. 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 valued at $25,000 after purchasing an additional 413 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 acquired a new position in shares of Terex during the first quarter worth approximately $30,000. Hantz Financial Services Inc. boosted its position in shares of Terex by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 951 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Terex by 19.5% in the third quarter. Blue Trust Inc. now owns 2,235 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 365 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Terex Trading Up 0.1%

Shares of Terex stock opened at $62.65 on Monday. Terex Corporation has a 52-week low of $34.25 and a 52-week high of $71.50. The firm has a market capitalization of $7.12 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.64. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36. The company’s fifty day moving average price is $62.59 and its two-hundred day moving average price is $56.89.

Terex (NYSE:TEX) last announced its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.12. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, analysts expect that Terex Corporation will post 4.84 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors 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 of this dividend was Friday, March 6th. Terex’s dividend payout ratio is 20.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Barclays assumed coverage on shares of Terex in a report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 price target for the company. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup raised shares of 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 report on Monday, March 9th. Finally, Truist Financial lifted their target price on Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Eight 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.73.

Insider Buying and Selling

In other Terex news, insider Kieran Hegarty sold 11,980 shares of the firm’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 completion of the transaction, the insider owned 173,495 shares in the company, valued at $12,012,793.80. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

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.