Intech Investment Management LLC Sells 8,930 Shares of Terex Corporation $TEX

Intech Investment Management LLC decreased its position in shares of Terex Corporation (NYSE:TEX) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,224 shares of the industrial products company’s stock after selling 8,930 shares during the period. Intech Investment Management LLC’s holdings in Terex were worth $1,602,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. M&T Bank Corp lifted its position in shares of Terex by 3.1% during the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares during the last quarter. Bessemer Group Inc. grew its holdings in Terex by 56.4% in the 2nd quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $34,000 after buying an additional 259 shares during the last quarter. Waterfront Wealth Inc. increased its position in Terex by 0.7% in the 3rd quarter. Waterfront Wealth Inc. now owns 39,694 shares of the industrial products company’s stock worth $2,106,000 after buying an additional 260 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Terex by 0.5% during the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock worth $2,882,000 after buying an additional 287 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Terex by 5.2% in the third quarter. US Bancorp DE now owns 5,896 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 293 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Down 2.0%

NYSE TEX opened at $65.83 on Friday. Terex Corporation has a 1-year low of $31.53 and a 1-year high of $71.50. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.36 and a beta of 1.62. The stock’s 50 day moving average is $62.14 and its two-hundred day moving average is $54.66. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 1.23.

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

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. Terex’s payout ratio is currently 20.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $83.00 price objective on shares of Terex in a report on Tuesday, February 17th. Citigroup reaffirmed a “neutral” rating on shares of Terex in a research report on Thursday, February 12th. Robert W. Baird set a $100.00 target price on Terex in a research report on Thursday, February 12th. Finally, Zacks Research cut Terex from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.60.

Insider Buying and Selling 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 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 of the company’s stock, valued at approximately $12,012,793.80. This represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% 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.