American Century Companies Inc. Sells 71,419 Shares of Terex Corporation $TEX

American Century Companies Inc. reduced its holdings in shares of Terex Corporation (NYSE:TEX) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,630,720 shares of the industrial products company’s stock after selling 71,419 shares during the quarter. American Century Companies Inc. owned approximately 2.49% of Terex worth $83,656,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TEX. Goldman Sachs Group Inc. lifted its holdings in Terex by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock valued at $41,263,000 after purchasing an additional 40,077 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Terex by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 705,297 shares of the industrial products company’s stock valued at $32,930,000 after purchasing an additional 10,741 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 285,186 shares during the period. Minneapolis Portfolio Management Group LLC lifted its stake in shares of Terex by 42.6% during 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 buying an additional 193,260 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Terex during the 2nd quarter worth about $24,870,000. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the business’s stock in a transaction that occurred 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 approximately $12,012,793.80. The trade was a 6.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

TEX has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating and issued a $83.00 price target on shares of Terex in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Wednesday, January 21st. Robert W. Baird set a $100.00 target price on Terex in a research report on Thursday, February 12th. Citigroup reiterated a “neutral” rating on shares of Terex in a research note on Thursday, February 12th. Finally, Wall Street Zen downgraded Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Terex has a consensus rating of “Hold” and a consensus price target of $69.00.

Terex Price Performance

Shares of NYSE TEX opened at $66.43 on Wednesday. The business has a fifty day moving average price of $61.65 and a two-hundred day moving average price of $54.50. The stock has a market capitalization of $7.55 billion, a PE ratio of 19.95, a P/E/G ratio of 1.41 and a beta of 1.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.30 and a quick ratio of 1.36. Terex Corporation has a fifty-two week low of $31.53 and a fifty-two week high of $71.50.

Terex (NYSE:TEX) last released its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.12. Terex had a return on equity of 16.51% and a net margin of 4.08%.The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm posted $0.77 EPS. 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. As a group, equities analysts predict that Terex Corporation will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

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

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.