Clearbridge Investments LLC Has $9.68 Million Stake in Terex Corporation $TEX

Clearbridge Investments LLC decreased its position in shares of Terex Corporation (NYSE:TEX) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 181,283 shares of the industrial products company’s stock after selling 14,519 shares during the period. Clearbridge Investments LLC’s holdings in Terex were worth $9,677,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TEX. Smartleaf Asset Management LLC increased its holdings in shares of Terex by 565.8% during the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after buying an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 worth $28,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio acquired a new position in Terex in the first quarter worth $30,000. Hantz Financial Services Inc. boosted 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 worth $84,000 after purchasing an additional 951 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake 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 worth $132,000 after purchasing an additional 2,841 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Buying and Selling

In related news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction dated 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 directly owned 48,706 shares in the company, valued at $2,996,880.18. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TEX has been the topic of a number of recent analyst reports. Robert W. Baird set a $100.00 price objective on Terex in a research note on Thursday, February 12th. Evercore restated an “outperform” rating and issued a $81.00 price objective on shares of Terex in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Truist Financial raised their price objective on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.30.

Terex Stock Down 6.2%

NYSE:TEX opened at $59.75 on Thursday. The stock’s fifty day moving average price is $60.90 and its two-hundred day moving average price is $59.27. 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 company has a market cap of $6.82 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 0.99 and a beta of 1.53.

Terex (NYSE:TEX) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts anticipate 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 given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date 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.