Kieran Hegarty Sells 11,980 Shares of Terex (NYSE:TEX) Stock

Terex Corporation (NYSE:TEX) insider Kieran Hegarty sold 11,980 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $69.24, for a total value of $829,495.20. Following the completion of the transaction, the insider directly owned 173,495 shares in the company, valued at $12,012,793.80. This trade represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Terex Stock Down 0.1%

NYSE:TEX opened at $68.96 on Friday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.68. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $71.50. The company has a current ratio of 2.30, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $59.25 and a 200-day simple moving average of $53.41.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 EPS for the quarter, hitting analysts’ consensus estimates of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Analysts anticipate that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Terex’s payout ratio is currently 20.42%.

Hedge Funds Weigh In On Terex

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEX. Dimensional Fund Advisors LP lifted its position in shares of Terex by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,433,991 shares of the industrial products company’s stock valued at $183,308,000 after buying an additional 76,028 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Terex by 17.9% during the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock worth $149,363,000 after acquiring an additional 425,322 shares in the last quarter. Morgan Stanley lifted its position in Terex by 77.2% during the fourth quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after acquiring an additional 727,277 shares during the last quarter. Invesco Ltd. lifted its position in Terex by 1.0% during the fourth quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock valued at $86,494,000 after acquiring an additional 16,377 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Terex by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after acquiring an additional 6,707 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of research analyst reports. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Monday, October 27th. UBS Group decreased their price objective on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Robert W. Baird set a $100.00 target price on shares of Terex in a report on Thursday, February 12th. Zacks Research downgraded shares of Terex from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Terex presently has an average rating of “Hold” and a consensus price target of $69.00.

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.