27,422 Shares in Terex Corporation $TEX Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new stake in Terex Corporation (NYSE:TEX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,422 shares of the industrial products company’s stock, valued at approximately $1,621,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TEX. EverSource Wealth Advisors LLC lifted its holdings in Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares during the period. Strs Ohio acquired a new stake in Terex during the 1st quarter valued at $30,000. Capital Advisors Ltd. LLC grew its holdings in shares of Terex by 856.2% during the first quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock worth $50,000 after buying an additional 762 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 189 shares during the period. Finally, Quarry LP acquired a new position in Terex during the fourth quarter worth approximately $88,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Down 3.7%

TEX stock opened at $71.83 on Friday. The firm has a market cap of $8.20 billion, a PE ratio of 34.37, a P/E/G ratio of 1.12 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. The firm has a 50 day simple moving average of $62.44 and a 200 day simple moving average of $60.92. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69.

Terex (NYSE:TEX) last announced its earnings results 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. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. Terex’s revenue for the quarter was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities research analysts forecast that Terex Corporation will post 4.84 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a $0.17 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Terex’s dividend payout ratio is presently 32.54%.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares in the company, valued at approximately $2,996,880.18. This trade represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TEX. Wall Street Zen cut 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 target price on the stock in a research note on Monday, May 11th. Citigroup raised Terex from a “neutral” rating to a “buy” rating and upped their target price for the company from $73.00 to $75.00 in a report on Monday, March 9th. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $75.82.

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.