Fieldview Capital Management LLC Invests $1.90 Million in Terex Corporation $TEX

Fieldview Capital Management LLC bought a new position in shares of Terex Corporation (NYSE:TEX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,559 shares of the industrial products company’s stock, valued at approximately $1,898,000.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position 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 purchasing an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Terex by 167.0% during 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 shares of Terex during the first quarter worth approximately $30,000. UMB Bank n.a. lifted its holdings in Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after buying an additional 189 shares during the period. Finally, Quarry LP acquired a new position in Terex in the fourth quarter valued at approximately $88,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the company’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 value of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This 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 is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Terex Trading Up 1.6%

Shares of NYSE TEX opened at $63.79 on Friday. The company’s 50 day simple moving average is $61.05 and its 200 day simple moving average is $59.44. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $71.50. The firm has a market capitalization of $7.29 billion, a P/E ratio of 30.52, a P/E/G ratio of 0.99 and a beta of 1.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88.

Terex (NYSE:TEX) last issued 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 net margin of 1.87% and a return on equity of 13.43%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts predict that Terex Corporation will post 4.87 EPS for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 8th. Terex’s dividend payout ratio is presently 32.54%.

Analyst Upgrades and Downgrades

TEX has been the topic of several analyst reports. Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a report on Monday, May 11th. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective on shares of Terex in a report on Wednesday, May 6th. Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and increased their price objective for the company from $73.00 to $75.00 in a report on Monday, March 9th. Finally, Evercore restated an “outperform” rating and issued a $81.00 price objective on shares of Terex in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.30.

Terex 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.