Terex (NYSE:TEX) Insider Kieran Hegarty Sells 11,980 Shares

Terex Corporation (NYSE:TEX) insider Kieran Hegarty sold 11,980 shares of the business’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 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Terex Stock Down 0.6%

Shares of NYSE:TEX traded down $0.39 during trading on Wednesday, reaching $69.12. The stock had a trading volume of 1,996,282 shares, compared to its average volume of 2,330,436. The firm’s 50-day simple moving average is $58.58 and its 200 day simple moving average is $53.19. The company has a current ratio of 2.30, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23. Terex Corporation has a one year low of $31.53 and a one year high of $71.50. The company has a market capitalization of $4.53 billion, a P/E ratio of 20.74, a PEG ratio of 1.41 and a beta of 1.68.

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

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a dividend of $0.17 per share. 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 is currently 20.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price target on Terex from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley reissued an “overweight” rating and set a $83.00 target price on shares of Terex in a research report on Tuesday. Citigroup restated a “neutral” rating on shares of Terex in a research note on Thursday, February 12th. Wells Fargo & Company lifted their price objective on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Raymond James Financial upgraded Terex from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, October 27th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Terex has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Institutional Investors Weigh In On Terex

Several hedge funds have recently bought and sold shares of TEX. Voloridge Investment Management LLC boosted its stake in shares of Terex by 45.0% during the 4th quarter. Voloridge Investment Management LLC now owns 641,525 shares of the industrial products company’s stock worth $34,245,000 after acquiring an additional 199,175 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Terex by 17.9% in the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock worth $149,363,000 after buying an additional 425,322 shares during the last quarter. SummitTX Capital L.P. purchased a new stake in Terex during the 4th quarter worth approximately $4,605,000. Polymer Capital Management US LLC purchased a new stake in Terex during the 4th quarter worth approximately $2,135,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Terex during the fourth quarter valued at approximately $240,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

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.