Oluseun Salami Buys Terex Corporation Shares
Terex insider Oluseun Salami purchases 3,760 shares valued at $270,005.60.
Key Points
- Oluseun Salami bought 3,760 shares of Terex Corporation (NYSE:TEX) on June 26, 2026, at $71.81 each, totaling $270,005.60.
- Terex stock traded near $73.57 on Tuesday with a market cap of $8.2 billion, a P/E ratio of 35.0, and a beta of 1.54.
- FMR LLC increased its Terex holdings by 8,042,953 shares to 17,053,480 shares, worth about $1 billion.
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Oluseun Salami, an insider at Terex Corporation, recently purchased 3,760 shares of the company. This transaction, which took place on June 26, 2026, was valued at approximately $270,005.60, with each share priced at $71.81. This purchase was not part of a pre-arranged trading plan.
Insider Buying and Selling at Terex Corporation
Several insiders at Terex Corporation made similar moves on June 26, 2026. David Sachs, Sandra O'Connor, Paula Cholmondeley, Kathleen Steele, and David Dauch each bought shares. Sachs, O'Connor, Steele, and Salami each acquired 3,760 shares, while Cholmondeley purchased 1,128 shares, and Dauch bought 1,467 shares. All transactions were executed at the same price of $71.81 per share.
Other Institutional Activity in Terex Corporation
In other institutional activity, FMR LLC significantly increased its stake in Terex by adding 8,042,953 shares, bringing its total to 17,053,480 shares worth about $1 billion. BlackRock, Inc. also boosted its holdings by 5,632,024 shares to a total of 14,034,517 shares, valued at approximately $829.4 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 5,812,653 and 5,085,548 shares, respectively. Dimensional Fund Advisors LP increased its stake by 1,008,444 shares to 4,442,435 shares, worth roughly $262.5 million. State Street Corp added 1,720,646 shares, ending with 4,117,381 shares valued at about $243.3 million.
Terex Corporation Stock Up 13.6%
Shares of Terex Corporation (NYSE:TEX) traded near $73.57 on Tuesday. The company has a market capitalization of about $8.2 billion. Its P/E ratio is 35.0, and it has a forward P/E of 12.4. With a beta of 1.54, Terex's stock has experienced a 52-week low of $41.70 and a high of $74.69. The 50-day moving average is $62.34, while the 200-day moving average stands at $57.62. The company maintains a current ratio of 1.84 and a quick ratio of 0.79, with a debt-to-equity ratio of 57.01.
$TEX stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Terex Corporation reported revenue of $5.93 billion, showing a growth of 41.1%. The company's earnings per share (EPS) was $2.05, with a net margin of 1.87%. The return on equity (ROE) was 3.21%. Terex is scheduled to announce its next earnings on July 30, 2026.
Dividend
Terex Corporation offers an annual dividend rate of $0.68 per share, yielding 0.95%. The dividend payout ratio is 33.2%.
Analysts Set New Price Targets
Several analysts have updated their ratings and price targets for Terex. On April 10, 2026, JP Morgan maintained a hold rating with a $60.00 price target. Barclays reinstated coverage with a buy rating and a $65.00 target on April 1, 2026. Citigroup upgraded the stock to a buy with a $75.00 target on March 9, 2026. Evercore ISI Group maintained a buy rating with an $82.00 target on February 23, 2026. The consensus recommendation for Terex is a buy, with an average target price of $76.46 based on 12 analyst opinions.
About Terex Corporation
Terex Corporation, headquartered in Norwalk, Connecticut, is a global manufacturer of industrial equipment. The company operates in the Industrials sector, focusing on farm and heavy construction machinery. Terex provides materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry. Led by CEO Simon A. Meester, Terex employs approximately 10,700 people worldwide.
Bottom Line
Insider purchases at Terex Corporation, including those by Oluseun Salami, reflect ongoing investor interest in the company. The stock's performance and recent earnings highlight its potential, though it's important to remember that insider transactions are just one piece of the puzzle. Investors often track these moves to gauge sentiment, but 13F filings and insider reports are typically backward-looking and may not reflect the current investment landscape.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.
