Oregon Public Employees Retirement Fund Acquires 10,200 Shares of Terex Corporation $TEX

Oregon Public Employees Retirement Fund raised its holdings in shares of Terex Corporation (NYSE:TEX) by 77.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,304 shares of the industrial products company’s stock after buying an additional 10,200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Terex were worth $1,377,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Delta Capital Management LLC purchased a new stake in shares of Terex in the 1st quarter worth $200,000. Resonant Capital Advisors LLC purchased a new position in Terex during the first quarter valued at $269,000. Planning Center Inc. purchased a new position in Terex during the first quarter valued at $406,000. Abel Hall LLC bought a new stake in Terex during the first quarter valued at about $282,000. Finally, Praxis Investment Management Inc. bought a new stake in Terex during the first quarter valued at about $216,000. 92.88% of the stock is currently owned by institutional investors.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,874 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the transaction, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This trade represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Terex Stock Performance

NYSE:TEX opened at $67.72 on Monday. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.06 and a beta of 1.49. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $74.69. The stock’s 50 day simple moving average is $63.84 and its two-hundred day simple moving average is $62.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88.

Terex (NYSE:TEX) last posted its earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, beating 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 firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company earned $0.83 EPS. The company’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. As a group, equities analysts anticipate that Terex Corporation will post 4.84 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is 32.54%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TEX shares. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a research note on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on Terex from $76.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, DA Davidson started coverage on shares of Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price target on the stock. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.73.

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.