Terex Corporation $TEX Stake Trimmed by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its stake in Terex Corporation (NYSE:TEX) by 65.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 227,473 shares of the industrial products company’s stock after selling 422,484 shares during the period. Terex makes up 1.0% of Curated Wealth Partners LLC’s holdings, making the stock its 12th biggest holding. Curated Wealth Partners LLC’s holdings in Terex were worth $11,965,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Terex by 7.6% during the second quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 161 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Terex by 2.7% in the 2nd quarter. QRG Capital Management Inc. now owns 7,847 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 208 shares in the last quarter. Arizona State Retirement System grew 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 valued at $2,271,000 after buying an additional 210 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Terex by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 286 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in shares of Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 315 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Analysts Set New Price Targets

TEX has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $86.00 price target on shares of Terex in a report on Monday, August 3rd. Truist Financial lowered their price target on Terex from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. Barclays increased their target price on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Wall Street Zen lowered Terex from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Terex presently has an average rating of “Moderate Buy” and an average target price of $75.64.

Terex Stock Performance

NYSE:TEX traded down $0.27 during mid-day 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. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69. 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 firm’s fifty day moving average price is $60.48 and its two-hundred day moving average price is $62.38. 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.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, equities analysts forecast that Terex Corporation will post 4.99 EPS for the current fiscal year.

About Terex

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.