Cibc World Market Inc. Makes New Investment in Terex Corporation $TEX

Cibc World Market Inc. acquired a new position in Terex Corporation (NYSE:TEX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 146,572 shares of the industrial products company’s stock, valued at approximately $7,824,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Terex by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,357,963 shares of the industrial products company’s stock worth $172,262,000 after acquiring an additional 110,928 shares during the period. Wellington Management Group LLP bought a new stake in Terex in the third quarter worth about $121,724,000. Geode Capital Management LLC raised its position in Terex by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock worth $86,326,000 after acquiring an additional 6,707 shares during the period. Invesco Ltd. raised its position in Terex by 801.3% in the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after acquiring an additional 1,425,996 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Terex by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after acquiring an additional 40,077 shares during the period. Institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of Terex in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Robert W. Baird set a $100.00 price objective on shares of Terex in a research report on Thursday, February 12th. Finally, Evercore reiterated an “outperform” rating and issued a $81.00 target price on shares of Terex in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.30.

Insider Buying and Selling

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction that occurred 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 owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Terex Price Performance

TEX opened at $60.35 on Friday. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 0.94 and a beta of 1.53. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $60.58 and a 200-day moving average price of $58.76. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $71.50.

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, topping the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities analysts expect that Terex Corporation will post 4.87 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Terex’s payout ratio is currently 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.