Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.68 Million Position in Terex Corporation $TEX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Terex Corporation (NYSE:TEX) by 73.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,488 shares of the industrial products company’s stock after buying an additional 12,072 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Terex were worth $1,684,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TEX. Millennium Management LLC boosted its position in Terex by 1,086.3% during the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Terex by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 2,841 shares during the period. Goldman Sachs Group Inc. grew its holdings in Terex by 3.8% during the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Terex by 0.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock valued at $7,375,000 after acquiring an additional 1,597 shares during the period. Finally, Intech Investment Management LLC raised its holdings in Terex by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after acquiring an additional 14,629 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on TEX shares. Citigroup upped their price target on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective on shares of Terex in a report on Wednesday, May 6th. Evercore restated an “outperform” rating and set a $81.00 price target on shares of Terex in a research report on Monday, May 11th. DA Davidson began coverage on shares of Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price target for the company. Finally, Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Terex Stock Performance

Shares of TEX stock opened at $65.68 on Friday. Terex Corporation has a one year low of $41.70 and a one year high of $74.69. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49. The company’s 50-day moving average is $64.07 and its 200 day moving average is $62.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84.

Terex (NYSE:TEX) last posted its earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Sell-side analysts expect that Terex Corporation will post 4.85 EPS for the current fiscal year.

Terex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio (DPR) is presently 32.54%.

Insider Activity

In other news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the transaction, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

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.