Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.68 Million Position in Terex Corporation $TEX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Terex Corporation (NYSE:TEX) by 73.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 28,488 shares of the industrial products company’s stock after acquiring an additional 12,072 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Terex were worth $1,684,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in shares of Terex by 3,954.8% in the 1st quarter. Fifth Third Bancorp now owns 46,590 shares of the industrial products company’s stock worth $2,753,000 after acquiring an additional 45,441 shares in the last quarter. Equitable Trust Co. acquired a new position in Terex during the 1st quarter worth about $212,000. Hsbc Holdings PLC bought a new stake in Terex during the 1st quarter worth about $547,000. Kestra Advisory Services LLC increased its position in Terex by 4.0% in the 1st quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock valued at $436,000 after acquiring an additional 286 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Terex by 77.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,304 shares of the industrial products company’s stock valued at $1,377,000 after acquiring an additional 10,200 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TEX shares. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price on shares of Terex in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on Terex from $69.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Truist Financial boosted their target price on Terex from $82.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Barclays started coverage on Terex in a report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.00.

Terex Price Performance

TEX opened at $65.68 on Friday. The stock has a market cap of $7.50 billion, a P/E ratio of 31.43, a P/E/G ratio of 1.02 and a beta of 1.49. Terex Corporation has a 12 month low of $41.70 and a 12 month 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 fifty day simple moving average of $64.07 and a 200 day simple moving average of $62.43.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (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 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 prior year, the company earned $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, research analysts expect that Terex Corporation will post 4.85 EPS for the current year.

Terex Announces Dividend

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

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 value of $361,427.22. Following the sale, the insider owned 48,706 shares of the company’s stock, valued at $2,996,880.18. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Terex 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.