Intech Investment Management LLC Sells 8,930 Shares of Terex Corporation $TEX

Intech Investment Management LLC reduced its holdings in Terex Corporation (NYSE:TEX) by 22.2% during the 3rd quarter, Holdings Channel reports. The fund owned 31,224 shares of the industrial products company’s stock after selling 8,930 shares during the quarter. Intech Investment Management LLC’s holdings in Terex were worth $1,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised 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 purchasing an additional 413 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after buying an additional 369 shares during the last quarter. Strs Ohio acquired a new position in Terex during the 1st quarter worth about $30,000. Hantz Financial Services Inc. grew its holdings in Terex by 6,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 690 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 680 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Terex by 56.4% during the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 259 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in 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 note on Friday, February 13th. Morgan Stanley restated an “overweight” rating and issued a $83.00 price objective on shares of Terex in a research report on Tuesday, February 17th. Citigroup reiterated a “neutral” rating on shares of Terex in a research report on Thursday, February 12th. Wall Street Zen cut Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, Robert W. Baird set a $100.00 price target on Terex in a research note on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Terex currently has a consensus rating of “Hold” and a consensus target price of $71.60.

Insider Buying and Selling at Terex

In related news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction that occurred 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 transaction, the insider owned 173,495 shares of the company’s stock, 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 can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Terex Stock Performance

TEX stock opened at $65.83 on Friday. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $71.50. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. The company has a market cap of $7.48 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.62. The business’s fifty day moving average is $62.14 and its 200-day moving average is $54.66.

Terex (NYSE:TEX) last released its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, meeting analysts’ consensus estimates of $1.12. Terex had a return on equity of 16.51% and a net margin of 4.08%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Equities research analysts forecast 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. Investors of record on Friday, March 6th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. Terex’s dividend payout ratio (DPR) is currently 20.42%.

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.