Skip to Main Content
American Flag
LABOR DAY SALE

50% off your first year of any Quiver subscription

...

Use Promo Code:

LABOR26
American Flag
×
Quiver Logo Get a Free Trial on Quiver Premium Today!
Back to News

Terex jumps after strong Q3 results, higher backlog and new buyback plan

None

Terex Corporation (TEX) is up 6.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Terex’s third-quarter results, which showed solid sales growth, stronger bookings and a larger backlog, along with a fresh $500 million share repurchase authorization. Investors also seem to be responding to improved full-year visibility after management refined its 2026 outlook and highlighted ongoing synergy capture from its expanded portfolio. ([prnewswire.com](https://www.prnewswire.com/news-releases/terex-reports-third-quarter-2026-results-302921404.html))

Details:

  • Third-quarter sales reached about $2.2 billion, up 58.4% on a reported basis, while pro forma sales rose 11.6%. ([prnewswire.com](https://www.prnewswire.com/news-releases/terex-reports-third-quarter-2026-results-302921404.html))
  • Bookings climbed 52.7% year over year on a pro forma basis, and backlog grew to about $7.0 billion, giving the company better forward demand visibility. ([prnewswire.com](https://www.prnewswire.com/news-releases/terex-reports-third-quarter-2026-results-302921404.html))
  • The board approved a new $500 million share repurchase program, lifting total buyback capacity to roughly $611 million. ([prnewswire.com](https://www.prnewswire.com/news-releases/terex-reports-third-quarter-2026-results-302921404.html))
  • Adjusted diluted EPS was $1.50 for the quarter, and the market also appeared to welcome management’s refined full-year sales, EBITDA and free-cash-flow outlook. ([prnewswire.com](https://www.prnewswire.com/news-releases/terex-reports-third-quarter-2026-results-302921404.html))
  • Sources:

    PR Newswire, SEC, StreetInsider

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $TEX Insider Trading Activity

    TEX Insider Trades

    $TEX insiders have traded $TEX stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

    Here’s a breakdown of recent trading of $TEX stock by insiders over the last 6 months:

    • JOSHUA GROSS (President - Aerials) sold 5,874 shares for an estimated $361,427
    • STEPHEN JOHNSTON (Former VP CAO and Controller) has made 0 purchases and 3 sales selling 2,081 shares for an estimated $142,945.

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

    $TEX Hedge Fund Activity

    We have seen 234 institutional investors add shares of $TEX stock to their portfolio, and 221 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

    Add Quiver Quantitative to your preferred sources on Google Google News Logo

    Suggested Articles