Castleark Management LLC Makes New Investment in Terex Corporation $TEX

Castleark Management LLC acquired a new stake in shares of Terex Corporation (NYSE:TEX) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 75,290 shares of the industrial products company’s stock, valued at approximately $4,450,000.

Several other large investors also recently added to or reduced their stakes in TEX. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 369 shares in the last quarter. Strs Ohio bought a new position in Terex in the first quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC bought a new position in Terex in the first quarter worth approximately $47,000. Capital Advisors Ltd. LLC increased its holdings in Terex by 856.2% during the 1st quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 762 shares during the period. Finally, UMB Bank n.a. increased its holdings in Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 189 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Monday, May 11th. DA Davidson assumed coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price on the stock. Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Evercore reaffirmed an “outperform” rating and issued a $81.00 price target on shares of Terex in a research report on Monday, May 11th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.45.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the company’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 completion of the transaction, the insider directly owned 48,706 shares in the company, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Terex Stock Down 1.3%

Terex stock opened at $68.94 on Tuesday. The business’s 50-day simple moving average is $64.70 and its two-hundred day simple moving average is $63.01. The company has a market cap of $7.87 billion, a PE ratio of 32.99, a PEG ratio of 1.09 and a beta of 1.49. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84.

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 the consensus estimate of $0.78 by $0.20. The firm 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 firm’s revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities analysts anticipate that Terex Corporation will post 4.85 EPS for the current year.

Terex Announces Dividend

The firm 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. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s dividend payout ratio 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.