Choreo LLC Purchases Shares of 8,510 Terex Corporation $TEX

Choreo LLC acquired a new position in Terex Corporation (NYSE:TEX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,510 shares of the industrial products company’s stock, valued at approximately $437,000.

A number of other large investors have also recently bought and sold shares of TEX. Goldman Sachs Group Inc. raised its position 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 worth $41,263,000 after buying an additional 40,077 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Terex by 1.5% during 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 period. JPMorgan Chase & Co. boosted its holdings in 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 last quarter. Minneapolis Portfolio Management Group LLC grew its position in 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 purchasing an additional 193,260 shares during the period. Finally, Norges Bank purchased a new position in shares of Terex during the 2nd quarter valued at about $24,870,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Insider Activity

In other news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction 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 owned 173,495 shares in the company, valued at $12,012,793.80. The trade was a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Terex Price Performance

Shares of NYSE TEX opened at $65.83 on Friday. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.62. Terex Corporation has a 52 week low of $31.53 and a 52 week high of $71.50. The firm has a 50-day simple moving average of $62.14 and a 200-day simple moving average of $54.66. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23.

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

Terex Dividend Announcement

The business 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 is Friday, March 6th. Terex’s dividend payout ratio is presently 20.42%.

Wall Street Analyst Weigh In

TEX has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Wall Street Zen lowered shares of Terex from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 21st. JPMorgan Chase & Co. initiated coverage on shares of Terex in a research note on Wednesday. They issued a “neutral” rating and a $76.00 target price for the company. Zacks Research lowered shares of Terex from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Terex has a consensus rating of “Hold” and an average target price of $71.60.

Terex 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.