SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 13.1% Stake in Terex Corp New

FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a combined beneficial ownership of 13.1% of Terex Corp New's common stock as of December 31, 2024, according to an amended Schedule 13G filing.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 8,782,286.42 shares of TEREX CORP NEW common stock.
• This ownership represents 13.1% of the total outstanding common stock of TEREX CORP NEW.
• The reported beneficial ownership position is as of December 31, 2024.
• FMR LLC holds sole voting power over 8,777,497 shares and sole dispositive power over 8,782,286.42 shares.
• Abigail P. Johnson holds sole dispositive power over 8,782,286.42 shares, with no sole or shared voting power.
• The filing is an Amendment No. 1 to a previously filed Schedule 13G.
• FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual.
• The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a factual disclosure of beneficial ownership, not a performance report or strategic announcement. The statement of passive intent is standard for a 13G.

Positives

• Significant institutional investment from FMR LLC, a major asset manager, indicates a notable level of confidence in the company's long-term prospects.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control, suggesting a passive investment stance.

Risks

• While the filing states no intent to influence control, a large institutional stake of 13.1% could still represent a concentration of voting power, potentially influencing future corporate decisions or strategic directions, even if passively.

Future Outlook

NA

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

Schedule 13G filings are mandatory disclosures by institutional investors who acquire more than 5% of a company's stock, indicating a passive investment intent. FMR LLC, as a major asset manager, frequently appears in such filings across various industries, reflecting its broad investment portfolio. This filing signals FMR LLC's continued significant, passive stake in Terex Corp New, a company typically operating in the industrial or machinery sector.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional shareholder's stake, which can influence market perception and liquidity. The passive nature of the investment, as stated, suggests no immediate intent for activist intervention.

Key Dates

Keywords

TEREX CORP NEW, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Asset Management, Corporate Governance