Westover Capital Advisors LLC Purchases Shares of 13,404 Terex Corporation $TEX

Westover Capital Advisors LLC acquired a new position in shares of Terex Corporation (NYSE:TEX) in the 1st quarter, Holdings Channel reports. The fund acquired 13,404 shares of the industrial products company’s stock, valued at approximately $792,000.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 369 shares during the period. Strs Ohio acquired a new stake in Terex during the 1st quarter worth about $30,000. Capital Advisors Ltd. LLC grew its holdings in Terex by 856.2% during the first quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 762 shares during the period. UMB Bank n.a. increased its holdings in shares of Terex by 15.0% during the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 189 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Terex in the 4th quarter valued at $88,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Up 0.7%

TEX opened at $65.67 on Thursday. The stock’s 50 day moving average price is $64.02 and its 200 day moving average price is $62.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The stock has a market cap of $7.50 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.02 and a beta of 1.49. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69.

Terex (NYSE:TEX) last posted its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. Terex’s revenue was up 41.1% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, research analysts predict that Terex Corporation will post 4.85 earnings per share for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, August 11th. Terex’s dividend payout ratio is currently 32.54%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. raised their target price on Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Monday, May 11th. DA Davidson started coverage on Terex in a research note on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.00.

Insider Buying and Selling at Terex

In related 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 value of $361,427.22. Following the sale, the insider owned 48,706 shares of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

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.