LSV Asset Management Boosts Position in Terex Corporation $TEX

LSV Asset Management grew its holdings in shares of Terex Corporation (NYSE:TEX) by 48.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,900 shares of the industrial products company’s stock after buying an additional 53,700 shares during the period. LSV Asset Management owned 0.25% of Terex worth $8,749,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Handelsbanken Fonder AB increased its stake in shares of Terex by 28.1% during the fourth quarter. Handelsbanken Fonder AB now owns 21,453 shares of the industrial products company’s stock valued at $1,145,000 after buying an additional 4,700 shares during the period. ProShare Advisors LLC grew its stake in Terex by 4.2% in the fourth quarter. ProShare Advisors LLC now owns 14,410 shares of the industrial products company’s stock worth $769,000 after purchasing an additional 586 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Terex in the fourth quarter worth $358,000. Bailard Inc. purchased a new stake in Terex in the fourth quarter worth $219,000. Finally, Denali Advisors LLC purchased a new stake in Terex in the fourth quarter worth $1,674,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TEX. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research note on Monday, May 11th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Evercore reaffirmed an “outperform” rating and issued a $81.00 price target on shares of Terex in a research note on Monday, May 11th. Citigroup raised Terex from a “neutral” rating to a “buy” rating and upped their price target for the stock from $73.00 to $75.00 in a research note on Monday, March 9th. Finally, Robert W. Baird set a $100.00 price target on Terex in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.91.

Terex Trading Up 0.1%

Terex stock opened at $57.81 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $60.42 and its two-hundred day simple moving average is $57.95. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $71.50. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.57.

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 business had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, equities analysts predict that Terex Corporation will post 4.87 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the transaction, the insider directly owned 48,706 shares of the company’s stock, valued at $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

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.