Dimensional Fund Advisors LP Acquires 110,928 Shares of Terex Corporation $TEX

Dimensional Fund Advisors LP raised its holdings in shares of Terex Corporation (NYSE:TEX) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,357,963 shares of the industrial products company’s stock after acquiring an additional 110,928 shares during the period. Dimensional Fund Advisors LP owned approximately 5.12% of Terex worth $172,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TEX. Smartleaf Asset Management LLC increased its holdings in Terex by 565.8% in the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 413 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the period. Strs Ohio bought a new stake in shares of Terex in the 1st quarter valued at about $30,000. Rise Advisors LLC raised its position in shares of Terex by 108.9% in the 3rd quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 664 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in Terex by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 951 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TEX shares. Truist Financial upped their target price on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. assumed coverage on shares of Terex in a research report on Wednesday, March 4th. They issued a “neutral” rating and a $76.00 price objective for the company. Zacks Research downgraded Terex from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lifted 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. Finally, Wall Street Zen cut Terex from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.90.

Terex Stock Down 0.8%

Terex stock opened at $61.54 on Tuesday. The company has a 50 day moving average of $62.42 and a 200-day moving average of $54.90. 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 Corporation has a twelve month low of $31.53 and a twelve month high of $71.50. The stock has a market capitalization of $7.00 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.62.

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. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. On average, equities research analysts anticipate that Terex Corporation will post 4.83 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s dividend payout ratio (DPR) is currently 20.42%.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the transaction, the insider directly owned 173,495 shares of the company’s stock, valued at $12,012,793.80. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

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.