Great Lakes Advisors LLC Makes New $4.30 Million Investment in Terex Corporation $TEX

Key Points

• Great Lakes Advisors purchased 59,458 Terex shares worth approximately $4.3 million, while institutional investors collectively own 92.88% of the company.
• Terex exceeded quarterly expectations, reporting $1.37 in earnings per share versus the $1.23 consensus estimate and $2.24 billion in revenue, up 50.5% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $78.91 price target; Terex also declared a quarterly dividend of $0.17 per share.

Great Lakes Advisors LLC bought a new position in shares of Terex Corporation (NYSE:TEX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 59,458 shares of the industrial products company's stock, valued at approximately $4,304,000. Great Lakes Advisors LLC owned approximately 0.05% of Terex as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TEX. BlackRock Inc. bought a new position in Terex during the second quarter worth about $1,063,541,000. Pallas Capital Advisors LLC bought a new stake in Terex in the 2nd quarter valued at about $522,000. Deutsche Bank AG acquired a new position in shares of Terex during the 2nd quarter worth approximately $9,308,000. Perigon Wealth Management LLC acquired a new position in shares of Terex during the 2nd quarter worth approximately $726,000. Finally, Principle Wealth Partners LLC bought a new position in shares of Terex during the second quarter worth approximately $259,000. Institutional investors own 92.88% of the company's stock.

Analyst Upgrades and Downgrades

TEX has been the subject of a number of analyst reports. Evercore reiterated an "outperform" rating and issued a $81.00 price target on shares of Terex in a research report on Monday, May 11th. DA Davidson started coverage on Terex in a research report on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 price target on the stock. Barclays lifted their price objective on Terex from $65.00 to $70.00 and gave the company an "overweight" rating in a report on Monday, July 20th. Truist Financial upped their target price on Terex from $92.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Terex in a report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.91.

Terex Stock Performance

Shares of NYSE:TEX opened at $64.29 on Friday. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $74.69. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.51. 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 company's 50 day simple moving average is $66.89 and its 200 day simple moving average is $63.79.

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

Terex Announces Dividend

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 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 1.1%. Terex's dividend payout ratio (DPR) is 34.69%.

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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