Insider Selling: Terex (NYSE:TEX) Insider Sells 5,874 Shares of Stock

Key Points

• Insider sale: Director Joshua Gross sold 5,874 shares on May 4 at an average price of $61.53 for about $361,427, reducing his stake by 10.76% to 48,706 shares.
• Strong quarterly results and outlook: Terex reported $0.98 EPS (vs. $0.78 est.) and $1.73B revenue (up 41.1% YoY) and set FY2026 guidance of 4.50–5.00 EPS (consensus ~4.81).
• Market and analyst stance: Shares traded around $64.46 with a $7.36B market cap and a PE of 30.9; analysts collectively rate the stock a "Moderate Buy" with a consensus target of $70.73 and a 1.1% dividend yield.

Terex Corporation (NYSE:TEX - Get Free Report) insider Joshua Gross sold 5,874 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Terex Price Performance

Shares of TEX traded up $3.55 during trading hours on Wednesday, reaching $64.46. 276,307 shares of the company's stock traded hands, compared to its average volume of 1,730,631. The stock has a market cap of $7.36 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The company has a current ratio of 1.84, a quick ratio of 1.36 and a debt-to-equity ratio of 0.57. The firm's 50 day simple moving average is $61.87 and its 200-day simple moving average is $57.19. Terex Corporation has a 12 month low of $38.52 and a 12 month high of $71.50.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business's quarterly revenue was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities analysts expect that Terex Corporation will post 4.81 EPS for the current year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were issued 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 yield of 1.1%. Terex's dividend payout ratio is currently 32.54%.

Wall Street Analyst Weigh In

TEX has been the subject of a number of analyst reports. Citigroup upgraded Terex from a "neutral" rating to a "buy" rating and upped their price target for the stock from $73.00 to $75.00 in a research report on Monday, March 9th. Wells Fargo & Company increased their target price on Terex from $56.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Friday, February 13th. Morgan Stanley reiterated an "overweight" rating on shares of Terex in a research report on Wednesday. Truist Financial raised their price target on Terex from $72.00 to $82.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. cut their price target on Terex from $76.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.73.

Hedge Funds Weigh In On Terex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEX. Ballast Asset Management LP raised its stake in shares of Terex by 57.0% during the third quarter. Ballast Asset Management LP now owns 85,795 shares of the industrial products company's stock worth $4,401,000 after acquiring an additional 31,145 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Terex by 48.4% in the 3rd quarter. Retirement Systems of Alabama now owns 119,014 shares of the industrial products company's stock worth $6,105,000 after acquiring an additional 38,836 shares in the last quarter. Capricorn Fund Managers Ltd bought a new position in Terex in the 4th quarter worth approximately $6,939,000. Citigroup Inc. boosted its stake in Terex by 253.8% in the 3rd quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company's stock worth $13,292,000 after purchasing an additional 185,863 shares during the period. Finally, Lodge Hill Capital LLC boosted its position in shares of Terex by 53.7% during the 3rd quarter. Lodge Hill Capital LLC now owns 529,450 shares of the industrial products company's stock valued at $27,161,000 after acquiring an additional 185,000 shares during the last quarter. Institutional investors own 92.88% of the company's stock.

About Terex

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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