Cibc World Market Inc. Makes New $7.82 Million Investment in Terex Corporation $TEX

Key Points

• Cibc World Market Inc. opened a new position in Terex during the fourth quarter, buying 146,572 shares valued at about $7.82 million. The stake represented roughly 0.22% of Terex at quarter-end.
• Terex reported strong quarterly results, posting EPS of $0.98 versus $0.78 expected and revenue of $1.73 billion, up 41.1% year over year. The company also raised full-year expectations, setting FY2026 guidance at 4.50–5.00 EPS.
• The company declared a quarterly dividend of $0.17 per share, payable June 22, which annualizes to $0.68 and a yield of about 1.1%. Meanwhile, analysts remain cautious-to-optimistic overall, with a consensus rating of Moderate Buy and a target price near $75.30.

Cibc World Market Inc. purchased a new position in Terex Corporation (NYSE:TEX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 146,572 shares of the industrial products company's stock, valued at approximately $7,824,000. Cibc World Market Inc. owned 0.22% of Terex at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Terex by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,357,963 shares of the industrial products company's stock worth $172,262,000 after purchasing an additional 110,928 shares during the period. Wellington Management Group LLP acquired a new stake in Terex in the third quarter worth $121,724,000. Geode Capital Management LLC grew its holdings in Terex by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company's stock worth $86,326,000 after purchasing an additional 6,707 shares during the period. Invesco Ltd. grew its holdings in Terex by 801.3% in the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company's stock worth $82,283,000 after purchasing an additional 1,425,996 shares during the period. Finally, Goldman Sachs Group Inc. grew 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 worth $41,263,000 after purchasing an additional 40,077 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Stock Down 3.7%

TEX opened at $60.35 on Friday. 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 company's 50-day moving average is $60.58 and its 200 day moving average is $58.76. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $71.50. The firm has a market capitalization of $6.89 billion, a P/E ratio of 28.87, a PEG ratio of 0.94 and a beta of 1.53.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.20. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm earned $0.83 earnings per share. The firm's revenue was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Research analysts expect that Terex Corporation will post 4.87 earnings per share for the current fiscal year.

Terex Dividend Announcement

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

Insider Buying and Selling at Terex

In related news, insider Joshua Gross sold 5,874 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the transaction, the insider directly owned 48,706 shares of the company's stock, valued at $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 available at this link. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TEX has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Terex from $76.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Truist Financial lifted their price objective on shares of Terex from $72.00 to $82.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Wall Street Zen cut shares of Terex from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Citigroup upgraded shares of Terex from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $73.00 to $75.00 in a report on Monday, March 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Terex from $56.00 to $70.00 and gave the company an "equal weight" rating in a report on Friday, February 13th. One research analyst has 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.30.

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.

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