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

Terex Corporation (NYSE:TEX) insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction 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 transaction, the insider owned 173,495 shares in the company, valued at $12,012,793.80. The trade was a 6.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Terex Price Performance

TEX traded down $0.39 during trading on Wednesday, reaching $69.12. The company’s stock had a trading volume of 1,996,282 shares, compared to its average volume of 2,330,436. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.41 and a beta of 1.68. The firm has a fifty day simple moving average of $58.58 and a two-hundred day simple moving average of $53.19. Terex Corporation has a 1 year low of $31.53 and a 1 year 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.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, meeting the consensus estimate of $1.12. Terex had a return on equity of 16.51% and a net margin of 4.08%.The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’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. As a group, analysts anticipate that Terex Corporation will post 4.83 EPS for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Terex’s payout ratio is presently 20.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Monday, October 27th. Wells Fargo & Company boosted their price objective on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Wall Street Zen cut shares of Terex from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 21st. Robert W. Baird set a $100.00 target price on shares of Terex in a research note on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Voloridge Investment Management LLC grew its holdings in shares of Terex by 45.0% in the fourth quarter. Voloridge Investment Management LLC now owns 641,525 shares of the industrial products company’s stock valued at $34,245,000 after purchasing an additional 199,175 shares in the last quarter. Wellington Management Group LLP boosted its position in Terex by 17.9% in the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock valued at $149,363,000 after buying an additional 425,322 shares during the period. SummitTX Capital L.P. acquired a new position in shares of Terex in the fourth quarter worth $4,605,000. Polymer Capital Management US LLC acquired a new position in shares of Terex in the fourth quarter worth $2,135,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Terex during the fourth quarter worth $240,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Company 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.