942,174 Shares in Terex Corporation $TEX Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in Terex Corporation (NYSE:TEX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 942,174 shares of the industrial products company's stock, valued at approximately $68,204,000. Bank of New York Mellon Corp owned about 0.82% of Terex at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 369 shares during the period. Strs Ohio purchased a new position in Terex during the 1st quarter worth approximately $30,000. Essential Partners LLC increased its position in Terex by 171.2% during the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company's stock worth $33,000 after buying an additional 356 shares during the period. Optiver Holding B.V. increased its position in Terex by 67.5% during the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company's stock worth $46,000 after buying an additional 315 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Terex in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Stock Performance

NYSE:TEX opened at $65.41 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. The firm's fifty day moving average price is $66.96 and its 200 day moving average price is $63.87. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69.

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

Terex Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on TEX shares. Evercore reaffirmed an "outperform" rating and issued a $81.00 target price on shares of Terex in a report on Monday, May 11th. Barclays increased their price target on shares of Terex from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Terex in a research report on Friday, July 17th. Citigroup lifted their price objective on shares of Terex from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Terex from $80.00 to $68.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $78.91.

Terex Company 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.

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