Strs Ohio Has $1.09 Million Stock Position in Terex Corporation $TEX

Strs Ohio grew its stake in Terex Corporation (NYSE:TEX) by 1,124.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,371 shares of the industrial products company’s stock after buying an additional 16,871 shares during the quarter. Strs Ohio’s holdings in Terex were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Terex by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,433,991 shares of the industrial products company’s stock worth $183,308,000 after purchasing an additional 76,028 shares in the last quarter. Wellington Management Group LLP lifted its stake 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 valued at $149,363,000 after acquiring an additional 425,322 shares in the last quarter. Morgan Stanley boosted its position in Terex by 77.2% during the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after acquiring an additional 727,277 shares during the last quarter. Invesco Ltd. grew its stake in shares of Terex by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock worth $86,494,000 after acquiring an additional 16,377 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Terex by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after purchasing an additional 6,707 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Terex in a research report on Wednesday, May 6th. Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Truist Financial increased their price target on Terex from $82.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Barclays began coverage on Terex in a research report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 price target on the stock. Finally, Evercore reiterated an “outperform” rating and issued a $81.00 price target on shares of Terex in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Terex currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.73.

Insider Activity

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 48,706 shares in the company, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Terex Trading Down 4.2%

Shares of TEX stock opened at $66.66 on Wednesday. The company has a market capitalization of $7.61 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.49. The firm has a 50 day moving average price of $63.61 and a two-hundred day moving average price of $61.88. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69.

Terex (NYSE:TEX) last issued its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.43% and a net margin of 1.87%.The company’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, analysts predict that Terex Corporation will post 4.84 earnings per share for the current year.

Terex Dividend Announcement

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

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.