Norges Bank Makes New Investment in Terex Corporation $TEX

Posted by George Bondi on Jun 9th, 2026

Norges Bank purchased a new position in shares of Terex Corporation (NYSE:TEX – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 633,722 shares of the industrial products company’s stock, valued at approximately $33,828,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEX. Capricorn Fund Managers Ltd acquired a new stake in Terex in the 4th quarter valued at about $6,939,000. Lodge Hill Capital LLC raised its position in Terex by 53.7% in 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 purchasing an additional 185,000 shares in the last quarter. Citigroup Inc. raised its position in Terex by 253.8% in the 3rd quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company’s stock valued at $13,292,000 after purchasing an additional 185,863 shares in the last quarter. SG Americas Securities LLC raised its position in Terex by 147.8% in the 4th quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after purchasing an additional 23,875 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Terex by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,076,696 shares of the industrial products company’s stock valued at $55,235,000 after purchasing an additional 19,250 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TEX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target on shares of Terex in a research report on Wednesday, May 6th. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research report on Monday, May 11th. Citigroup raised Terex from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.00 to $75.00 in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. reduced their price target on Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.30.

View Our Latest Research Report on TEX

Insider Buying and Selling at Terex

In other news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the sale, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This trade represents a 10.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Terex Price Performance

Shares of NYSE TEX opened at $62.73 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. 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 $7.16 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 0.94 and a beta of 1.53. The stock’s 50-day simple moving average is $60.66 and its 200-day simple moving average is $59.00.

Terex (NYSE:TEX – Get Free Report) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.70 billion. During the same quarter last year, the company 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. As a group, equities research analysts forecast that Terex Corporation will post 4.87 EPS for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend 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 32.54%.

Terex Company Profile

(Free Report)

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.