New York State Teachers Retirement System Has $5.55 Million Stake in Terex Corporation $TEX

New York State Teachers Retirement System grew its position in Terex Corporation (NYSE:TEX) by 24.0% in the first quarter, HoldingsChannel.com reports. The fund owned 93,952 shares of the industrial products company’s stock after buying an additional 18,195 shares during the quarter. New York State Teachers Retirement System’s holdings in Terex were worth $5,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capricorn Fund Managers Ltd bought a new position in Terex in the 4th quarter valued at $6,939,000. CenterBook Partners LP acquired a new stake in shares of Terex in the fourth quarter valued at $934,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Terex in the first quarter valued at $6,439,000. M&T Bank Corp raised its holdings in shares of Terex by 814.9% in the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock valued at $3,657,000 after buying an additional 61,014 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Terex by 147.8% in the fourth quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after buying an additional 23,875 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares of the company’s stock, valued at $2,996,880.18. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Terex Price Performance

Shares of NYSE TEX opened at $66.66 on Wednesday. The company has a fifty day moving average price of $63.61 and a 200 day moving average price of $61.88. The firm has a market cap of $7.61 billion, a PE ratio of 31.89, a PEG ratio of 1.09 and a beta of 1.49. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69.

Terex (NYSE:TEX) last issued its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.20. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Research analysts predict that Terex Corporation will post 4.84 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is presently 32.54%.

Analyst Ratings Changes

TEX has been the subject of a number of research analyst reports. Truist Financial boosted their target price on shares of Terex from $82.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. DA Davidson began coverage on shares of Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price objective for the company. Barclays began coverage on Terex in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 target price for the company. Wall Street Zen downgraded Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Evercore reaffirmed an “outperform” rating and set a $81.00 price target on shares of Terex in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.73.

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.