Algert Global LLC Has $7.63 Million Stock Holdings in Terex Corporation $TEX

Key Points

• Algert Global more than doubled its Terex stake in the second quarter, acquiring 54,570 additional shares and bringing its holdings to 105,411 shares worth approximately $7.63 million.
• Analysts maintain a generally positive outlook, with Terex receiving a “Moderate Buy” consensus rating and an average price target of $78.91 versus its reported $65.22 share price.
• Terex exceeded quarterly expectations with $1.37 in earnings per share and $2.24 billion in revenue, up 50.5% year over year. The company also announced a quarterly dividend of $0.17 per share, equivalent to a 1.0% annualized yield.

Algert Global LLC raised its stake in Terex Corporation (NYSE:TEX - Free Report) by 107.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,411 shares of the industrial products company's stock after acquiring an additional 54,570 shares during the quarter. Algert Global LLC owned about 0.09% of Terex worth $7,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TEX. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Terex during the 2nd quarter worth approximately $35,000. Essential Partners LLC boosted its position in shares of Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company's stock worth $33,000 after purchasing an additional 356 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Terex by 167.0% during 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 in the last quarter. Allworth Financial LP purchased a new position in shares of Terex during the second quarter valued at approximately $51,000. Finally, Quantbot Technologies LP purchased a new stake in Terex in the 2nd quarter valued at about $53,000. Institutional investors own 92.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of Terex from $80.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research report on Friday, July 17th. Evercore reissued an "outperform" rating and issued a $81.00 target price on shares of Terex in a research note on Monday, May 11th. Finally, Truist Financial lifted their price target on Terex from $92.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $78.91.

Terex Stock Performance

Shares of TEX opened at $65.22 on Thursday. Terex Corporation has a 52 week low of $41.70 and a 52 week high of $74.69. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 0.99 and a beta of 1.51. The business has a 50-day simple moving average of $66.98 and a two-hundred day simple moving average of $63.89.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The firm's revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, analysts expect that Terex Corporation will post 5 EPS for the current year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex's dividend payout ratio (DPR) is presently 34.69%.

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.

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