Louisiana State Employees Retirement System Buys Shares of 33,000 Terex Corporation $TEX

Louisiana State Employees Retirement System bought a new position in Terex Corporation (NYSE:TEX) in the first quarter, Holdings Channel.com reports. The institutional investor bought 33,000 shares of the industrial products company’s stock, valued at approximately $1,950,000.

Several other hedge funds have also modified their holdings of TEX. Capricorn Fund Managers Ltd bought a new position in shares of Terex during the 4th quarter worth approximately $6,939,000. SG Americas Securities LLC boosted its stake in Terex by 147.8% in the fourth quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 23,875 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Terex by 1.8% in the third quarter. Victory Capital Management Inc. now owns 1,076,696 shares of the industrial products company’s stock valued at $55,235,000 after acquiring an additional 19,250 shares in the last quarter. M&T Bank Corp grew its holdings in Terex by 814.9% in the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock worth $3,657,000 after purchasing an additional 61,014 shares during the last quarter. Finally, CenterBook Partners LP acquired a new position in shares of Terex during the fourth quarter worth $934,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Down 1.6%

Terex stock opened at $72.40 on Wednesday. The business’s 50-day simple moving average is $62.97 and its two-hundred day simple moving average is $61.31. 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 $8.27 billion, a PE ratio of 34.64, a PEG ratio of 1.15 and a beta of 1.53. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $74.69.

Terex (NYSE:TEX) last announced 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. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the business posted $0.83 earnings per share. The company’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 analysts anticipate that Terex Corporation will post 4.84 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Terex’s dividend payout ratio (DPR) is currently 32.54%.

Terex News Summary

Here are the key news stories impacting Terex this week:

• Positive Sentiment: At Terex’s annual meeting, stockholders elected 12 directors and backed the company’s leadership, compensation, and incentive plan, which signals continued governance support and management alignment. Terex Shareholders Back Leadership, Pay and Incentive Plan
• Neutral Sentiment: Zacks Research reiterated a Hold view and nudged its earnings estimates slightly lower for Terex, including FY2026 EPS to $4.81 from $4.83, FY2027 EPS to $5.80 from $5.82, FY2028 EPS to $6.27 from $6.29, and small reductions for near-term quarters. 3 Construction & Mining Equipment Stocks Braving Industry Headwinds
• Negative Sentiment: Broader commentary on construction and mining equipment stocks highlighted industry headwinds, and a separate note described Zacks Research as taking a pessimistic view of Terex Q2 earnings, adding to investor caution. Zacks Research Has Pessimistic View of Terex Q2 Earnings

Insider Transactions at Terex

In other Terex news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction that occurred on Monday, May 4th. The shares were 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. The trade was a 10.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Raymond James Financial upgraded 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. Barclays assumed coverage on Terex in a research report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 target price on the stock. Evercore reissued an “outperform” rating and issued a $81.00 price target on shares of Terex in a report on Monday, May 11th. Finally, Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and upped their price objective for the company from $73.00 to $75.00 in a report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.