Terex Corporation $TEX Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in Terex Corporation (NYSE:TEX) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,503,578 shares of the industrial products company’s stock after selling 53,444 shares during the period. Vanguard Group Inc. owned 0.10% of Terex worth $347,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in shares of Terex by 565.8% in the 3rd 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 boosted its holdings in Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares during the period. Strs Ohio purchased a new position in Terex during the 1st quarter valued at about $30,000. Hantz Financial Services Inc. increased its stake in Terex by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock worth $84,000 after buying an additional 951 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Terex by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after buying an additional 2,841 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TEX has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Monday, April 20th. Robert W. Baird set a $100.00 price objective on shares of Terex in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective on shares of Terex in a research report on Wednesday. JPMorgan Chase & Co. dropped 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, Wells Fargo & Company increased their target price on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.82.

Terex Trading Down 2.2%

NYSE TEX opened at $62.80 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 1.36. The firm’s fifty day moving average price is $61.67 and its 200 day moving average price is $57.33. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.31 and a beta of 1.57. Terex Corporation has a 12 month low of $39.27 and a 12 month high of $71.50.

Terex (NYSE:TEX) last posted its earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company’s revenue was up 41.1% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, sell-side analysts expect that Terex Corporation will post 4.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kieran Hegarty sold 11,980 shares of the stock in a transaction on 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 sale, the insider owned 173,495 shares in the company, valued at $12,012,793.80. This represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joshua Gross sold 5,874 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the sale, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is 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.