California Public Employees Retirement System Raises Holdings in Terex Corporation $TEX

California Public Employees Retirement System boosted its holdings in shares of Terex Corporation (NYSE:TEX) by 62.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,212 shares of the industrial products company’s stock after acquiring an additional 79,518 shares during the quarter. California Public Employees Retirement System’s holdings in Terex were worth $12,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Millennium Management LLC raised its holdings in Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after buying an additional 234,470 shares during the period. Jones Financial Companies Lllp boosted its stake in Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after buying an additional 2,841 shares during the period. Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 40,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Terex by 0.8% during the first 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 last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Terex by 47.4% in 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. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Price Performance

Terex stock opened at $69.73 on Friday. The business has a 50 day simple moving average of $64.48 and a 200-day simple moving average of $62.89. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The stock has a market capitalization of $7.96 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49.

Terex (NYSE:TEX) last released its earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate 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%. The business’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities analysts predict that Terex Corporation will post 4.85 earnings per share for the current year.

Terex Announces Dividend

The firm also recently announced 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 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 is 32.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup upped their price objective on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. lifted their price objective on Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Evercore reiterated an “outperform” rating and issued a $81.00 price objective on shares of Terex in a report on Monday, May 11th. Finally, Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.45.

Insider Activity

In other Terex news, insider Joshua Gross sold 5,874 shares of the 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 completion of the transaction, the insider owned 48,706 shares in the company, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

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.