State of Michigan Retirement System Has $1.61 Million Stock Holdings in Terex Corporation $TEX

State of Michigan Retirement System lifted its position in shares of Terex Corporation (NYSE:TEX) by 76.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,318 shares of the industrial products company’s stock after purchasing an additional 11,800 shares during the quarter. State of Michigan Retirement System’s holdings in Terex were worth $1,614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its stake 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 buying an additional 189 shares during the period. M&T Bank Corp grew its stake in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 225 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of Terex by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 9,246 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 228 shares in the last quarter. Drum Hill Capital LLC increased its holdings in shares of Terex by 0.6% in the fourth quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company’s stock worth $2,566,000 after acquiring an additional 278 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of Terex by 4.0% during the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 286 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Buying and Selling

In related news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Terex Stock Down 0.7%

Shares of Terex stock opened at $65.32 on Friday. The firm has a market cap of $7.46 billion, a PE ratio of 31.26, a P/E/G ratio of 1.02 and a beta of 1.49. The business’s 50 day simple moving average is $64.11 and its 200 day simple moving average is $62.45. 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 Corporation has a 52-week low of $41.70 and a 52-week high of $74.69.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The firm 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 business’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, analysts predict that Terex Corporation will post 4.85 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be issued 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 is presently 32.54%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TEX. Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target on shares of Terex in a report on Wednesday, May 6th. Truist Financial raised their price objective on shares of Terex from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Citigroup boosted their price objective on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have assigned 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 price target of $79.00.

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.