Clearbridge Investments LLC Has $9.68 Million Stake in Terex Corporation $TEX

Clearbridge Investments LLC decreased its position in Terex Corporation (NYSE:TEX) by 7.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 181,283 shares of the industrial products company’s stock after selling 14,519 shares during the period. Clearbridge Investments LLC owned about 0.28% of Terex worth $9,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Terex by 565.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 413 shares during the period. EverSource Wealth Advisors LLC raised its position in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after buying an additional 369 shares during the period. Strs Ohio acquired a new position in Terex during the first quarter valued at $30,000. Hantz Financial Services Inc. raised its position in Terex by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock valued at $84,000 after buying an additional 951 shares during the period. Finally, Jones Financial Companies Lllp raised its position 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 valued at $132,000 after buying an additional 2,841 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

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 value of $361,427.22. Following the sale, the insider owned 48,706 shares in the company, valued at approximately $2,996,880.18. The trade was a 10.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Terex Trading Down 6.2%

Shares of TEX opened at $59.75 on Thursday. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $71.50. 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 stock has a 50 day simple moving average of $60.90 and a 200-day simple moving average of $59.27. The stock has a market cap of $6.82 billion, a PE ratio of 28.59, a PEG ratio of 0.99 and a beta of 1.53.

Terex (NYSE:TEX) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm posted $0.83 EPS. Terex’s quarterly revenue was up 41.1% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, sell-side analysts predict that Terex Corporation will post 4.87 EPS for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, June 8th. Terex’s payout ratio is currently 32.54%.

Wall Street Analyst Weigh In

Several research firms 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 report on Monday, May 11th. Truist Financial boosted their target price on shares of Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $84.00 target price on shares of Terex in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

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.