Jupiter Asset Management Ltd. Buys Shares of 289,420 Terex Corporation $TEX

Jupiter Asset Management Ltd. acquired a new stake in Terex Corporation (NYSE:TEX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 289,420 shares of the industrial products company’s stock, valued at approximately $15,449,000.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Terex by 565.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 413 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 369 shares during the period. Strs Ohio bought a new stake in Terex in the first quarter valued at about $30,000. Hantz Financial Services Inc. increased its stake in Terex by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 951 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Terex by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after buying an additional 2,841 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the transaction, the insider owned 48,706 shares of the company’s stock, valued at $2,996,880.18. This trade represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TEX has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. cut their price objective on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, May 11th. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.30.

Terex Trading Down 1.7%

Terex stock opened at $58.16 on Friday. The firm has a 50-day moving average of $60.40 and a 200-day moving average of $58.22. Terex Corporation has a one year low of $41.70 and a one year high of $71.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 0.92 and a beta of 1.57.

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

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, June 8th. Terex’s dividend payout ratio is currently 32.54%.

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.