AUS
NZ
UK
CA
USA
IND
_06_15_2026_04_35_28_498166.jpg)
Highlights
- Thrivent Financial cuts Terex stake by 73.5% in Q3.
- Several institutional investors adjust their positions in Terex.
- Terex announces quarterly dividend payment with a yield of 1.23%.
Terex Corporation, a leader in industrial machinery, has seen notable changes in institutional ownership. Thrivent Financial for Lutherans recently reduced its stake in the company by 73.5%, selling over 43,000 shares. This shift, along with other recent developments, highlights changing dynamics within the industrial sector, particularly among NYSE Industrial Stocks like Terex corp.
Thrivent Financial Sells Shares of Terex Co. (NYSE:TEX)
Terex Co. has seen notable changes in institutional holdings recently, including a significant reduction in its stock position by Thrivent Financial for Lutherans. The financial firm reduced its stake by 73.5%, selling over 43,000 shares in the third quarter. This move reflects broader trends within the industrial products sector as institutions adjust their portfolios amid fluctuating market conditions.
Institutional Investors' Activity
Several other institutional investors have also made notable adjustments to their positions in Terex. For instance, Curated Wealth Partners LLC boosted its stake by 200%, while AQR Capital Management increased its holdings by 18.4%. On the other hand, some investors, like Millennium Management, made substantial increases in their shares, reflecting their confidence in the company’s market position. Despite these changes, institutional investors continue to dominate Terex, owning 92.88% of the company’s stock.
Recent Performance and Earnings
Terex Co. reported a slight decline in year-over-year earnings, posting a 6% drop in revenue for the most recent quarter. The company generated $1.21 billion in revenue, surpassing analysts' expectations of $1.16 billion. Despite this, the earnings per share (EPS) of $1.46 exceeded the consensus estimate of $1.31, illustrating Terex's ability to perform well in a challenging environment. The company’s net margin stands at 9.08%, and return on equity is 24.92%, indicating solid profitability metrics.
Stock Valuation and Market Metrics
The stock of Terex corporation is currently priced at $55.18, with a market cap of $3.69 billion. It has a relatively low price-to-earnings (P/E) ratio of 8.07, signaling that it may be undervalued compared to its industry peers. The company's price-to-earnings-growth (PEG) ratio of 4.46 suggests that growth potential may be limited, with investors likely waiting for more stability in the market.
Dividend Announcements
Terex also recently declared a quarterly dividend of $0.17 per share, with a dividend yield of 1.23%. This dividend payout reflects the company’s ongoing commitment to delivering shareholder value, even as it faces pressures from broader market trends. The next dividend payment is set for December 19th, benefiting shareholders who held stock as of November 8th.
