Lisanti Capital Growth LLC Makes New $3.48 Million Investment in Terex Corporation $TEX

Key Points

• Lisanti Capital Growth acquired 48,015 Terex shares worth approximately $3.48 million, while institutional investors collectively own 92.88% of the company.
• Terex exceeded quarterly expectations with $1.37 EPS versus the $1.23 consensus and $2.24 billion in revenue, up 50.5% year over year. Management guided fiscal 2026 EPS to $4.70–$5.10.
• The company declared a quarterly dividend of $0.17 per share, equal to $0.68 annually and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $78.91.

Lisanti Capital Growth LLC acquired a new stake in Terex Corporation (NYSE:TEX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 48,015 shares of the industrial products company's stock, valued at approximately $3,476,000.

A number of other institutional investors have also recently made changes to their positions in TEX. BlackRock Inc. purchased a new position in shares of Terex in the second quarter worth $1,063,541,000. Dimensional Fund Advisors LP boosted its position in Terex by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company's stock valued at $262,527,000 after buying an additional 1,008,444 shares during the period. Wellington Management Group LLP boosted its position in Terex by 17.9% during the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company's stock valued at $149,363,000 after buying an additional 425,322 shares during the period. Morgan Stanley grew its holdings in Terex by 77.2% in the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company's stock worth $89,094,000 after acquiring an additional 727,277 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Terex by 1.0% in the fourth quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company's stock valued at $86,494,000 after acquiring an additional 16,377 shares during the period. Hedge funds and other institutional investors own 92.88% of the company's stock.

Terex Stock Performance

Shares of Terex stock opened at $64.63 on Thursday. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69. The firm has a market capitalization of $7.38 billion, a P/E ratio of 32.98, a P/E/G ratio of 0.98 and a beta of 1.51. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $66.86 and a two-hundred day simple moving average of $63.74.

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 analysts' consensus estimates of $1.23 by $0.14. The firm had revenue of $2.24 billion for 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%. The company's revenue was up 50.5% compared to the same quarter last year. 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. On average, equities analysts forecast that Terex Corporation will post 4.97 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex's dividend payout ratio (DPR) is currently 34.69%.

Analyst Ratings Changes

Several brokerages have recently commented on TEX. 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 research note on Monday, May 11th. JPMorgan Chase & Co. cut their target price on Terex from $80.00 to $68.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Barclays boosted their price target 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 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. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $78.91.

About Terex

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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