12,314 Shares in Terex Corporation $TEX Acquired by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. purchased a new position in Terex Corporation (NYSE:TEX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,314 shares of the industrial products company’s stock, valued at approximately $657,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its position in shares of Terex by 1,086.3% during 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 last quarter. Jones Financial Companies Lllp grew its position in shares of Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Terex by 3.8% during 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Terex by 0.8% during the first 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 worth $7,375,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after acquiring an additional 14,629 shares during 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 the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. 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. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research report on Monday, May 11th. Finally, Citigroup upgraded Terex from a “neutral” rating to a “buy” rating and raised their target price for the company from $73.00 to $75.00 in a research report on Monday, March 9th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.30.

Terex Stock Down 1.2%

TEX opened at $64.21 on Thursday. Terex Corporation has a 12 month low of $41.70 and a 12 month 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 stock has a market cap of $7.33 billion, a P/E ratio of 30.72, a P/E/G ratio of 1.01 and a beta of 1.53. The stock’s 50 day moving average price is $61.41 and its 200 day moving average price is $59.94.

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

Terex Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, June 8th. Terex’s dividend payout ratio (DPR) 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.