Hillsdale Investment Management Inc. Makes New Investment in Terex Corporation $TEX

Hillsdale Investment Management Inc. purchased a new position in Terex Corporation (NYSE:TEX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 94,700 shares of the industrial products company’s stock, valued at approximately $5,055,000.

Several other institutional investors have also added to or reduced their stakes in TEX. Millennium Management LLC raised its position in Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock worth $9,674,000 after acquiring an additional 234,470 shares during the period. Jones Financial Companies Lllp raised its position in shares of Terex by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 2,841 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Terex by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock valued at $41,263,000 after purchasing an additional 40,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Terex by 0.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock valued at $7,375,000 after buying an additional 1,597 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Terex by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after buying an additional 14,629 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TEX. Robert W. Baird set a $100.00 target price on shares of Terex in a report on Thursday, February 12th. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. JPMorgan Chase & Co. dropped their target price on shares of Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Terex in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and an average price target of $75.30.

Insiders Place Their Bets

In related news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the transaction, the insider directly owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Terex Stock Performance

TEX opened at $58.16 on Friday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 0.91 and a beta of 1.57. The company has a fifty day moving average of $60.40 and a 200 day moving average of $58.22. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two 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.

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

Terex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 8th. Terex’s dividend payout ratio (DPR) is presently 32.54%.

About Terex

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.