Terex (NYSE:TEX) Insider Kieran Hegarty Sells 11,980 Shares of Stock

Terex Corporation (NYSE:TEX) insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the sale, the insider directly owned 173,495 shares in the company, valued at $12,012,793.80. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Terex Stock Down 0.6%

Shares of TEX stock opened at $69.10 on Thursday. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $71.50. The company has a quick ratio of 1.20, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. The firm has a market cap of $4.53 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.68. The stock has a 50 day moving average of $58.92 and a 200-day moving average of $53.30.

Terex (NYSE:TEX) last announced its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.12. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. Terex’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, equities analysts predict that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. Terex’s dividend payout ratio (DPR) is presently 20.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in 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 acquiring an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $28,000 after purchasing an additional 369 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Terex by 6,800.0% in the second quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 680 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Terex by 56.4% in the second quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 259 shares in the last quarter. Finally, Strs Ohio bought a new position in Terex in the 1st quarter worth approximately $30,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on TEX. UBS Group cut their price target on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Truist Financial boosted their price target on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Citigroup reiterated a “neutral” rating on shares of Terex in a research report on Thursday, February 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $83.00 price target on shares of Terex in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.

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.