Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 68,526 Terex Corporation $TEX

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Terex Corporation (NYSE:TEX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 68,526 shares of the industrial products company's stock, valued at approximately $4,961,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Terex at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TEX. Millennium Management LLC raised its holdings in shares of Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company's stock valued at $9,674,000 after purchasing an additional 234,470 shares during the period. Jones Financial Companies Lllp grew its holdings in Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company's stock worth $132,000 after purchasing an additional 2,841 shares during the period. Goldman Sachs Group Inc. increased its position in Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company's stock worth $41,263,000 after buying an additional 40,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company's stock worth $7,375,000 after buying an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Terex by 47.4% in the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company's stock valued at $1,719,000 after buying an additional 14,629 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Zacks Research raised several earnings forecasts. The firm increased its Q3 2026 EPS estimate to $1.34 from $1.32, Q3 2027 EPS to $1.59 from $1.53, and FY2027 EPS to $5.81 from $5.74. It also lifted FY2026 EPS to $4.89 from $4.87 and FY2028 EPS to $6.45 from $6.31. These revisions indicate expectations for stronger profitability at Terex, an industrial products company.
• Positive Sentiment: Longer-term earnings growth remains a favorable signal. The revised FY2028 estimate implies continued earnings expansion beyond the current year, potentially supporting Terex’s investment case if the company delivers on those projections.
• Neutral Sentiment: The revisions were mixed and remain close to consensus. Zacks lowered its Q1 2027 EPS estimate slightly to $1.07 from $1.08, while its current-year estimates of approximately $4.89-$5.00 remain broadly aligned with the consensus forecast. As a result, the changes provide a positive but limited catalyst.
• Negative Sentiment: Valuation and technical factors may be weighing on the stock. Terex trades at roughly 33 times earnings and recently moved below its 50-day moving average, which could encourage profit-taking. The modest estimate increases may not fully justify the elevated valuation, particularly after the stock’s advance toward its 52-week high.

Analyst Ratings Changes

A number of analysts have recently issued reports on TEX shares. Citigroup raised their price objective on Terex from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Raymond James Financial raised shares of Terex from an "outperform" rating to a "strong-buy" rating and set a $85.00 price objective for the company in a report on Monday, May 11th. Morgan Stanley reiterated an "overweight" rating and set a $86.00 target price on shares of Terex in a research report on Monday, August 3rd. Evercore reaffirmed an "outperform" rating and set a $81.00 price target on shares of Terex in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Terex in a research note on Friday, July 17th. Two investment 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's stock. According to MarketBeat.com, Terex presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.91.

Terex Stock Performance

Shares of Terex stock opened at $64.56 on Friday. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. 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 capitalization of $7.38 billion, a P/E ratio of 32.94, a P/E/G ratio of 0.99 and a beta of 1.51. The company's 50 day moving average price is $66.94 and its two-hundred day moving average price is $63.90.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, equities analysts forecast that Terex Corporation will post 5 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex's dividend payout ratio 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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