Fisher Asset Management LLC Sells 11,585 Shares of Terex Corporation $TEX

Fisher Asset Management LLC trimmed its position in shares of Terex Corporation (NYSE:TEX) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,968,982 shares of the industrial products company’s stock after selling 11,585 shares during the quarter. Fisher Asset Management LLC owned 3.00% of Terex worth $105,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in shares of Terex by 0.5% during the 4th quarter. Legal & General Group Plc now owns 107,035 shares of the industrial products company’s stock valued at $5,714,000 after buying an additional 569 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Terex by 22.7% during the 4th quarter. Hantz Financial Services Inc. now owns 2,013 shares of the industrial products company’s stock valued at $107,000 after buying an additional 372 shares during the period. LSV Asset Management lifted its holdings in shares of Terex by 48.7% during the 4th quarter. LSV Asset Management now owns 163,900 shares of the industrial products company’s stock valued at $8,749,000 after buying an additional 53,700 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Terex by 28.1% during the 4th quarter. Handelsbanken Fonder AB now owns 21,453 shares of the industrial products company’s stock valued at $1,145,000 after buying an additional 4,700 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Terex by 4.2% in the 4th quarter. ProShare Advisors LLC now owns 14,410 shares of the industrial products company’s stock worth $769,000 after purchasing an additional 586 shares during the period. 92.88% of the stock is owned by institutional investors.

Insider Transactions at Terex

In other Terex news, insider Joshua Gross sold 5,874 shares of the stock in a transaction 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 owned 48,706 shares in the company, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Terex Trading Up 0.1%

Shares of TEX stock opened at $57.81 on Tuesday. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $71.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. The firm has a market capitalization of $6.60 billion, a PE ratio of 27.66, a PEG ratio of 0.90 and a beta of 1.57. The stock has a fifty day simple moving average of $60.42 and a two-hundred day simple moving average of $57.95.

Terex (NYSE:TEX) last issued its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business posted $0.83 EPS. Terex’s revenue for the quarter was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts predict that Terex Corporation will post 4.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Terex in a report on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and issued a $81.00 target price on shares of Terex in a report on Monday, May 11th. Robert W. Baird set a $100.00 target price on Terex in a report on Thursday, February 12th. JPMorgan Chase & Co. decreased their target price on Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Finally, Barclays assumed coverage on Terex in a report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.91.

Terex 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.