Hanseatic Management Services Inc. Makes New Investment in Terex Corporation $TEX

Hanseatic Management Services Inc. purchased a new position in shares of Terex Corporation (NYSE:TEX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,268 shares of the industrial products company’s stock, valued at approximately $1,080,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC bought a new position in Terex during the 1st quarter worth about $14,335,000. California Public Employees Retirement System raised its holdings in shares of Terex by 62.8% in the 1st quarter. California Public Employees Retirement System now owns 206,212 shares of the industrial products company’s stock valued at $12,187,000 after purchasing an additional 79,518 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Terex by 344.0% in the 1st quarter. Bessemer Group Inc. now owns 3,432 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 2,659 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Terex by 11.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,473 shares of the industrial products company’s stock worth $872,000 after purchasing an additional 1,510 shares during the period. Finally, Independent Financial Group LLC bought a new position in shares of Terex during the first quarter valued at approximately $258,000. 92.88% of the stock is currently owned by institutional investors.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the sale, the insider directly owned 48,706 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Terex Stock Performance

TEX opened at $65.32 on Friday. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The company has a market cap of $7.46 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49. The firm’s 50-day moving average price is $64.11 and its 200-day moving average price is $62.45.

Terex (NYSE:TEX) last released 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 company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. Terex’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, equities analysts anticipate that Terex Corporation will post 4.85 EPS for the current fiscal year.

Terex Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TEX. JPMorgan Chase & Co. lifted their price objective on shares of Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Truist Financial upped their target price on Terex from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Monday, May 11th. DA Davidson started coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target on the stock. Finally, Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $79.00.

Terex Company 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.