Aristeia Capital L.L.C. Invests $657,000 in Terex Corporation $TEX

Aristeia Capital L.L.C. bought a new position in Terex Corporation (NYSE:TEX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,314 shares of the industrial products company’s stock, valued at approximately $657,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after purchasing an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Terex by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Terex by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock valued at $41,263,000 after purchasing an additional 40,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Terex by 0.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock valued at $7,375,000 after purchasing an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Terex by 47.4% in the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after purchasing an additional 14,629 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TEX shares. JPMorgan Chase & Co. reduced their price target on Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, May 11th. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target on shares of Terex in a report on Wednesday, May 6th. Citigroup raised Terex from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.00 to $75.00 in a report on Monday, March 9th. Finally, Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Terex presently has an average rating of “Moderate Buy” and an average price target of $75.30.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the transaction, 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 filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Terex Trading Down 1.2%

NYSE:TEX opened at $64.21 on Thursday. 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 business’s 50 day moving average is $61.41 and its two-hundred day moving average is $59.94. Terex Corporation has a 52 week low of $41.70 and a 52 week high of $71.50. The company has a market cap of $7.33 billion, a PE ratio of 30.72, a P/E/G ratio of 1.01 and a beta of 1.53.

Terex (NYSE:TEX) last released its earnings results on Friday, May 1st. The industrial products company reported $0.98 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 company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business 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, analysts predict that Terex Corporation will post 4.87 EPS for the current year.

Terex Announces Dividend

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

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.