Comerica Bank Buys 8,736 Shares of Terex Corporation $TEX

Comerica Bank increased its stake in shares of Terex Corporation (NYSE:TEX) by 23.0% during the fourth quarter, HoldingsChannel reports. The fund owned 46,780 shares of the industrial products company’s stock after acquiring an additional 8,736 shares during the quarter. Comerica Bank’s holdings in Terex were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kestra Private Wealth Services LLC increased its position in Terex by 46.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 6,960 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 2,221 shares during the period. M&T Bank Corp increased its position in Terex by 814.9% during the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock worth $3,657,000 after acquiring an additional 61,014 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Terex by 20.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 105,786 shares of the industrial products company’s stock worth $5,651,000 after acquiring an additional 17,705 shares during the period. Jones Kertz & Associates Inc. bought a new position in Terex during the fourth quarter worth $594,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Terex by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,705 shares of the industrial products company’s stock worth $1,212,000 after acquiring an additional 3,926 shares during the period. Institutional investors own 92.88% of the company’s stock.

Insider Activity at Terex

In other news, insider Kieran Hegarty sold 11,980 shares of the business’s 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 sale, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Terex Trading Up 3.3%

Shares of Terex stock opened at $60.98 on Wednesday. The firm has a market capitalization of $6.96 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 1.36. The company’s fifty day moving average price is $61.87 and its two-hundred day moving average price is $57.19. Terex Corporation has a 52-week low of $38.52 and a 52-week high of $71.50.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts expect that Terex Corporation will post 4.81 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, March 6th. Terex’s payout ratio is currently 32.54%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup raised shares of Terex from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $73.00 to $75.00 in a research report on Monday, March 9th. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Truist Financial boosted their price target on shares of Terex from $72.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Barclays started coverage on shares of Terex in a report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and a consensus target price of $70.73.

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.