Pictet Asset Management Holding SA Grows Stake in Terex Corporation $TEX

Pictet Asset Management Holding SA raised its holdings in shares of Terex Corporation (NYSE:TEX) by 81.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,107 shares of the industrial products company’s stock after purchasing an additional 8,102 shares during the period. Pictet Asset Management Holding SA’s holdings in Terex were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio acquired a new position in shares of Terex during the first quarter valued at about $30,000. Capital Advisors Ltd. LLC raised its position in shares of Terex by 856.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 762 shares during the last quarter. UMB Bank n.a. raised its position in shares of Terex by 15.0% in the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 189 shares during the last quarter. Finally, Quarry LP acquired a new stake in Terex in the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insiders Place Their Bets

In other Terex news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction 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 trade represents a 10.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TEX. JPMorgan Chase & Co. cut their price target on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Morgan Stanley reiterated an “overweight” rating and set a $84.00 price objective on shares of Terex in a research note on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.73.

Terex Price Performance

Shares of NYSE:TEX opened at $66.66 on Wednesday. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The company’s 50 day moving average is $63.61 and its 200 day moving average is $61.88. 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 company has a market cap 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.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.78 by $0.20. The business 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 quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, sell-side analysts forecast that Terex Corporation will post 4.84 EPS for the current year.

Terex Dividend Announcement

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

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.