Terex Corporation $TEX Stake Raised by M&T Bank Corp

Key Points

• M&T Bank Corp raised its stake in Terex by 814.9% in Q4 to 68,501 shares (worth about $3.66M), while other large funds like Millennium Management also sharply increased positions, leaving institutional investors with 92.88% ownership.
• Insider Kieran Hegarty sold 11,980 shares at an average price of $69.24 (~$829,495), reducing his stake by 6.46%; company insiders now own 1.90% of the stock.
• Analysts carry a consensus "Moderate Buy" rating with an average price target of $70.73 (8 Buys, 5 Holds); Terex reported Q results in line with estimates, set FY2026 guidance of 4.50–5.00 EPS, and trades at a P/E of about 18.8 with a $7.12B market cap.

M&T Bank Corp raised its holdings in Terex Corporation (NYSE:TEX - Free Report) by 814.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,501 shares of the industrial products company's stock after acquiring an additional 61,014 shares during the quarter. M&T Bank Corp owned 0.10% of Terex worth $3,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company's stock worth $9,674,000 after purchasing an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company's stock worth $132,000 after buying an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Terex by 3.8% during 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 buying an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 worth $7,375,000 after buying an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of 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 buying an additional 14,629 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Insider Activity

In other news, insider Kieran Hegarty sold 11,980 shares of the company's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the completion of the sale, the insider owned 173,495 shares in the company, valued at approximately $12,012,793.80. This represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $83.00 price objective on shares of Terex in a research note on Tuesday, February 17th. JPMorgan Chase & Co. reduced their target price on Terex from $76.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Robert W. Baird set a $100.00 price target on Terex in a research report on Thursday, February 12th. Truist Financial raised their target price on shares of Terex from $72.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Finally, Barclays started coverage on shares of Terex in a report on Tuesday, March 31st. They set an "overweight" rating and a $65.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Terex currently has an average rating of "Moderate Buy" and a consensus price target of $70.73.

Terex Stock Performance

TEX stock opened at $62.65 on Monday. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.27 and a beta of 1.64. The firm has a 50 day moving average of $62.59 and a two-hundred day moving average of $56.89. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 1.23. Terex Corporation has a 12 month low of $34.25 and a 12 month high of $71.50.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share for the quarter, meeting analysts' consensus estimates of $1.12. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Terex had a net margin of 4.08% and a return on equity of 16.51%. Terex's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. As a group, equities analysts anticipate that Terex Corporation will post 4.84 EPS for the current fiscal year.

Terex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex's payout ratio is currently 20.42%.

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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