JPMorgan Chase & Co. Has $22.10 Million Stock Position in Terex Corporation $TEX

JPMorgan Chase & Co. lowered its holdings in shares of Terex Corporation (NYSE:TEX) by 38.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 430,860 shares of the industrial products company’s stock after selling 273,984 shares during the period. JPMorgan Chase & Co.’s holdings in Terex were worth $22,103,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp lifted its position in shares of Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after buying an additional 225 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Terex by 0.7% during the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock worth $2,106,000 after acquiring an additional 260 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Terex by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock worth $2,882,000 after acquiring an additional 287 shares during the last quarter. US Bancorp DE raised its stake in Terex by 5.2% in the 3rd quarter. US Bancorp DE now owns 5,896 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 293 shares during the period. Finally, Blue Trust Inc. raised its stake in Terex by 19.5% in the 3rd quarter. Blue Trust Inc. now owns 2,235 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Buying and Selling

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TEX. Morgan Stanley reaffirmed an “overweight” rating and set a $83.00 price objective on shares of Terex in a research report on Tuesday, February 17th. JPMorgan Chase & Co. began coverage on shares of Terex in a research report on Wednesday, March 4th. They issued a “neutral” rating and a $76.00 price objective on the stock. Wall Street Zen cut shares of Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Truist Financial lifted their target price on shares of Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and upped their price target for the company from $73.00 to $75.00 in a research note on Monday, March 9th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.90.

Terex Stock Performance

TEX opened at $60.63 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36. The business has a fifty day simple moving average of $63.03 and a 200 day simple moving average of $55.58. Terex Corporation has a 1 year low of $31.53 and a 1 year high of $71.50. The company has a market capitalization of $6.89 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62.

Terex (NYSE:TEX) last posted its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $0.77 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Research analysts expect that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was 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.