924,613 Shares in Terex Corporation $TEX Purchased by William Blair Investment Management LLC

Key Points

• William Blair Investment Management acquired 924,613 Terex shares worth approximately $66.9 million, representing about 0.81% of the company. Institutional investors collectively own 92.88% of Terex.
• Terex reported quarterly EPS of $1.37, beating estimates by $0.14, while revenue rose 50.5% year over year to $2.24 billion. The company set fiscal 2026 EPS guidance at $4.70–$5.10.
• Terex shares opened at $66.33, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $78.91. The company also declared a quarterly dividend of $0.17 per share, yielding approximately 1.0% annually.

William Blair Investment Management LLC bought a new stake in Terex Corporation (NYSE:TEX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 924,613 shares of the industrial products company's stock, valued at approximately $66,933,000. William Blair Investment Management LLC owned about 0.81% of Terex as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Terex by 7.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company's stock worth $166,000 after acquiring an additional 161 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 189 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company's stock valued at $350,000 after purchasing an additional 225 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of Terex by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company's stock worth $436,000 after purchasing an additional 286 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Terex by 0.5% in the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company's stock worth $2,882,000 after purchasing an additional 287 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Terex Trading Up 3.3%

TEX stock opened at $66.33 on Friday. Terex Corporation has a one year low of $41.70 and a one year high of $74.69. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51. The company has a fifty day moving average price of $66.94 and a two-hundred day moving average price of $63.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business's revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities analysts anticipate that Terex Corporation will post 4.99 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Terex's dividend payout ratio is 34.69%.

Analyst Upgrades and Downgrades

TEX has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Terex in a research report on Friday, July 17th. Raymond James Financial raised shares of 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. Truist Financial increased their price objective on shares of Terex from $92.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Evercore restated an "outperform" rating and issued a $81.00 price objective on shares of Terex in a report on Monday, May 11th. Finally, DA Davidson started coverage on Terex in a research report on Wednesday, June 24th. They issued a "strong-buy" rating and a $81.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Terex presently has a consensus rating of "Moderate Buy" and an average target price of $78.91.

Terex Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source