Penn Capital Management Company LLC Purchases 118,717 Shares of Terex Corporation $TEX

Key Points

• Penn Capital Management more than doubled its Terex stake in the second quarter, purchasing 118,717 additional shares to own 231,008 shares valued at approximately $16.7 million. Institutional investors collectively hold 92.88% of Terex’s outstanding stock.
• Terex reported quarterly adjusted earnings of $1.37 per share, beating estimates of $1.23, while revenue rose 50.5% year over year to $2.24 billion. The company issued fiscal 2026 EPS guidance of $4.70–$5.10.
• Terex declared a quarterly dividend of $0.17 per share, equivalent to an annualized $0.68 payout and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $78.91.

Penn Capital Management Company LLC increased its position in Terex Corporation (NYSE:TEX - Free Report) by 105.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 231,008 shares of the industrial products company's stock after acquiring an additional 118,717 shares during the quarter. Penn Capital Management Company LLC owned about 0.20% of Terex worth $16,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company's stock worth $28,000 after purchasing an additional 369 shares during the period. Ancora Advisors LLC bought a new stake in shares of Terex in the second quarter valued at approximately $29,000. Strs Ohio purchased a new stake in shares of Terex during the 1st quarter valued at approximately $30,000. Essential Partners LLC lifted its stake 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 valued at $33,000 after buying an additional 356 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Terex in the 2nd quarter worth approximately $35,000. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Performance

NYSE TEX opened at $63.85 on Friday. The company's 50 day simple moving average is $66.87 and its two-hundred day simple moving average is $63.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. 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 $7.30 billion, a PE ratio of 32.58, a P/E/G ratio of 0.97 and a beta of 1.51.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the business earned $1.49 EPS. The business's revenue for the quarter was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Analysts predict that Terex Corporation will post 5 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, August 11th. Terex's dividend payout ratio is currently 34.69%.

Analyst Ratings Changes

TEX has been the topic of a number of analyst reports. Citigroup boosted their target price on shares of Terex from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Morgan Stanley reiterated an "overweight" rating and issued a $86.00 price target on shares of Terex in a research report on Monday, August 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research note on Friday, July 17th. DA Davidson initiated coverage on Terex in a report on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their target price on Terex from $80.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Two investment 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's stock. According to MarketBeat.com, Terex has a consensus rating of "Moderate Buy" and an average price target 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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