Terex Corporation $TEX Stock Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Terex stake by 65% in the third quarter, selling 422,484 shares and retaining 227,473 shares valued at approximately $12 million. Institutional investors collectively own 92.88% of Terex.
• Analyst sentiment remains positive but mixed: Terex has a consensus “Moderate Buy” rating with an average price target of $75.64, although Truist Financial and Citigroup recently lowered their targets.
• Terex shares recently traded at $51.94, well below their 12-month high of $74.69. The company beat quarterly earnings and revenue expectations, reporting $1.37 in EPS on $2.24 billion in revenue, while forecasting fiscal 2026 EPS of $4.70–$5.10.

Curated Wealth Partners LLC lessened its stake in Terex Corporation (NYSE:TEX - Free Report) by 65.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,473 shares of the industrial products company's stock after selling 422,484 shares during the quarter. Terex comprises approximately 1.0% of Curated Wealth Partners LLC's holdings, making the stock its 12th biggest holding. Curated Wealth Partners LLC owned approximately 0.20% of Terex worth $11,965,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Terex by 7.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company's stock worth $166,000 after purchasing an additional 161 shares during the period. QRG Capital Management Inc. increased its stake in shares of Terex by 2.7% in the second quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company's stock worth $568,000 after acquiring an additional 208 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Terex by 0.7% during the second quarter. Arizona State Retirement System now owns 31,373 shares of the industrial products company's stock worth $2,271,000 after acquiring an additional 210 shares in the last quarter. Kestra Advisory Services LLC raised its holdings 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 acquiring an additional 286 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in Terex by 67.5% during the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 315 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial dropped their target price on Terex from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Wall Street Zen cut Terex from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Citigroup dropped their price objective on Terex from $80.00 to $65.00 and set a "buy" rating on the stock in a report on Monday. Weiss Ratings restated a "hold (c)" rating on shares of Terex in a report on Friday, July 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $86.00 price objective on shares of Terex in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Terex currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.64.

Terex Stock Performance

TEX traded down $0.27 during midday trading on Thursday, reaching $51.94. The company's stock had a trading volume of 338,412 shares, compared to its average volume of 1,486,248. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5.93 billion, a P/E ratio of 26.49, a PEG ratio of 0.97 and a beta of 1.47. The company has a fifty day simple moving average of $60.48 and a 200 day simple moving average of $62.38. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%. Terex's revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Research analysts expect that Terex Corporation will post 4.99 earnings per share for the current year.

Terex Profile

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.

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