11,023 Shares in Terex Corporation $TEX Acquired by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC purchased a new position in Terex Corporation (NYSE:TEX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,023 shares of the industrial products company’s stock, valued at approximately $651,000.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in shares of Terex during the 3rd quarter valued at $121,724,000. Invesco Ltd. raised its position in shares of Terex by 801.3% during the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after purchasing an additional 1,425,996 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Terex during the 4th quarter valued at $69,802,000. Morgan Stanley lifted its stake in shares of Terex by 77.2% during the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after buying an additional 727,277 shares in the last quarter. Finally, Norges Bank bought a new position in Terex in the 4th quarter worth $33,828,000. 92.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the sale, the insider owned 48,706 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Terex Price Performance

Shares of Terex stock opened at $63.05 on Tuesday. The firm has a market cap of $7.20 billion, a PE ratio of 30.17, a PEG ratio of 1.02 and a beta of 1.49. The stock has a 50 day moving average of $64.09 and a 200 day moving average of $62.57. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69.

Terex (NYSE:TEX) last released its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The business 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 company’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, research analysts expect that Terex Corporation will post 4.85 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s dividend payout ratio (DPR) is 32.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TEX shares. Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price on shares of Terex in a research report on Wednesday, May 6th. Barclays increased their target price on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, DA Davidson initiated coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target on the stock. Two analysts have 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.45.

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.