Capricorn Fund Managers Ltd Buys Shares of 130,000 Terex Corporation $TEX

Capricorn Fund Managers Ltd bought a new position in shares of Terex Corporation (NYSE:TEX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 130,000 shares of the industrial products company’s stock, valued at approximately $6,939,000. Terex comprises about 1.7% of Capricorn Fund Managers Ltd’s holdings, making the stock its 19th biggest position. Capricorn Fund Managers Ltd owned approximately 0.20% of Terex as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TEX. M&T Bank Corp grew its position in Terex by 3.1% during the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after acquiring an additional 225 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Terex by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after buying an additional 228 shares during the period. Waterfront Wealth Inc. increased its position in Terex by 0.7% in the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock valued at $2,106,000 after acquiring an additional 260 shares during the period. California State Teachers Retirement System raised its stake in shares of Terex by 0.5% during the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock valued at $2,882,000 after acquiring an additional 287 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Terex by 5.2% during the third quarter. US Bancorp DE now owns 5,896 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 293 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.

Terex Price Performance

TEX stock opened at $58.43 on Monday. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.18 and a beta of 1.64. The company’s fifty day simple moving average is $62.71 and its 200 day simple moving average is $55.90. Terex Corporation has a 12-month low of $31.53 and a 12-month high of $71.50.

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

Terex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 6th. Terex’s payout ratio is presently 20.42%.

Insider Buying and Selling

In related news, insider Kieran Hegarty sold 11,980 shares of the company’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 transaction of $829,495.20. Following the transaction, the insider directly owned 173,495 shares of the company’s stock, valued at approximately $12,012,793.80. This represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TEX shares. Wall Street Zen cut shares of Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. JPMorgan Chase & Co. started coverage on Terex in a report on Wednesday, March 4th. They set a “neutral” rating and a $76.00 target price on the stock. Robert W. Baird set a $100.00 price target on Terex in a research report on Thursday, February 12th. Wells Fargo & Company increased their price target on Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Finally, Citigroup upgraded Terex from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $73.00 to $75.00 in a research report on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.18.

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.