Barnett & Company Inc. Invests $408,000 in Terex Corporation $TEX

Barnett & Company Inc. bought a new stake in shares of Terex Corporation (NYSE:TEX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,950 shares of the industrial products company’s stock, valued at approximately $408,000.

Several other institutional investors also recently bought and sold shares of TEX. Millennium Management LLC lifted its holdings in shares of Terex by 1,086.3% during the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after purchasing an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Terex by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after buying an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Terex by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after acquiring an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after acquiring an additional 14,629 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Trading Down 1.2%

Shares of NYSE:TEX opened at $68.14 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $71.50. The business has a 50 day moving average of $59.58 and a two-hundred day moving average of $53.57. The company has a market capitalization of $4.47 billion, a PE ratio of 20.46, a PEG ratio of 1.38 and a beta of 1.68.

Terex (NYSE:TEX) last issued its quarterly earnings data 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 business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the company earned $0.77 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. As a group, analysts forecast that Terex Corporation will post 4.83 EPS for the current year.

Terex Dividend Announcement

The company also recently announced 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 dividend payout ratio is presently 20.42%.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on shares of Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Raymond James Financial raised Terex from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Monday, October 27th. UBS Group lowered their price target on Terex from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Citigroup reiterated a “neutral” rating on shares of Terex in a research note on Thursday, February 12th. Six equities research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Insider Transactions at Terex

In other Terex news, insider Kieran Hegarty sold 11,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total value of $829,495.20. Following the sale, the insider directly owned 173,495 shares of the company’s stock, valued at approximately $12,012,793.80. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

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.