Terex Corporation $TEX Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in shares of Terex Corporation (NYSE:TEX) by 3,954.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 46,590 shares of the industrial products company’s stock after acquiring an additional 45,441 shares during the quarter. Fifth Third Bancorp’s holdings in Terex were worth $2,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEX. Wellington Management Group LLP purchased a new stake in shares of Terex during the 3rd quarter worth approximately $121,724,000. Invesco Ltd. boosted its stake in Terex by 801.3% in the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after acquiring an additional 1,425,996 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Terex during the fourth quarter worth about $69,802,000. Morgan Stanley increased its position in shares of Terex by 77.2% during the fourth quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after purchasing an additional 727,277 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Terex in the 4th quarter valued at about $33,828,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Price Performance

Shares of TEX opened at $63.05 on Tuesday. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The stock’s 50 day moving average is $64.09 and its two-hundred day moving average is $62.57. The firm has a market capitalization of $7.20 billion, a PE ratio of 30.17, a P/E/G ratio of 1.02 and a beta of 1.49. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57.

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. The business 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Research analysts anticipate that Terex Corporation will post 4.85 earnings per share for the current year.

Terex Dividend Announcement

The firm 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 $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Terex’s dividend payout ratio (DPR) is 32.54%.

Insider Activity at Terex

In other Terex 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 transaction of $361,427.22. Following the sale, the insider directly 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 the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

TEX has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 13th. DA Davidson began coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective on the stock. Truist Financial increased their target price on shares of Terex from $82.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. 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 report on Monday, May 11th. Finally, Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.45.

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.