Terex Corporation $TEX Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its holdings in shares of Terex Corporation (NYSE:TEX) by 253.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,094 shares of the industrial products company’s stock after acquiring an additional 185,863 shares during the quarter. Citigroup Inc. owned about 0.39% of Terex worth $13,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Terex in the second quarter valued at about $24,870,000. JPMorgan Chase & Co. grew its stake in shares of Terex by 68.0% in the second quarter. JPMorgan Chase & Co. now owns 704,844 shares of the industrial products company’s stock valued at $32,909,000 after buying an additional 285,186 shares in the last quarter. Millennium Management LLC raised 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 buying an additional 234,470 shares during the period. Minneapolis Portfolio Management Group LLC boosted its holdings in Terex by 42.6% in the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 647,289 shares of the industrial products company’s stock worth $33,206,000 after acquiring an additional 193,260 shares during the period. Finally, Lodge Hill Capital LLC boosted its holdings in Terex by 53.7% in the 3rd quarter. Lodge Hill Capital LLC now owns 529,450 shares of the industrial products company’s stock worth $27,161,000 after acquiring an additional 185,000 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Terex news, insider Kieran Hegarty sold 11,980 shares of Terex 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 owned 173,495 shares of the company’s stock, valued at $12,012,793.80. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Terex Stock Performance

Shares of Terex stock opened at $68.73 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.36 and a current ratio of 2.30. Terex Corporation has a 1 year low of $31.53 and a 1 year high of $71.50. The firm’s 50-day simple moving average is $61.12 and its 200-day simple moving average is $54.25. The firm has a market cap of $7.81 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.39 and a beta of 1.68.

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

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, March 6th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is 20.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TEX shares. Morgan Stanley reiterated an “overweight” rating and set a $83.00 price objective on shares of Terex in a research note on Tuesday, February 17th. UBS Group cut their price objective on shares of Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company upped their price objective on shares of Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Robert W. Baird set a $100.00 target price on Terex in a research report on Thursday, February 12th. Finally, Wall Street Zen cut Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Terex presently has an average rating of “Hold” and an average target price of $69.00.

Terex Company 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.