Terex Corporation $TEX Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. grew its position in Terex Corporation (NYSE:TEX - Free Report) by 2,378.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,701 shares of the industrial products company's stock after buying an additional 318,320 shares during the period. Alyeska Investment Group L.P. owned 0.29% of Terex worth $24,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TEX. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 369 shares during the period. Ancora Advisors LLC acquired a new position in Terex in the second quarter valued at approximately $29,000. Strs Ohio purchased a new position in Terex in the first quarter worth approximately $30,000. Essential Partners LLC grew its position in Terex by 171.2% in the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company's stock worth $33,000 after acquiring an additional 356 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Terex during the second quarter worth $35,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Price Performance

TEX stock opened at $63.57 on Tuesday. 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 company has a market capitalization of $7.26 billion, a PE ratio of 32.43, a P/E/G ratio of 0.97 and a beta of 1.51. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69. The business's fifty day moving average price is $66.77 and its 200 day moving average price is $63.95.

Terex (NYSE:TEX - Get Free Report) last announced its 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 return on equity of 12.24% and a net margin of 2.23%.The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same period last year, the business posted $1.49 EPS. Terex'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. On average, sell-side analysts anticipate that Terex Corporation will post 5 EPS for the current year.

Terex Dividend Announcement

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

Analyst Upgrades and Downgrades

TEX has been the topic of a number of research analyst reports. Citigroup lifted their target price on Terex from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Truist Financial increased their price target on Terex from $92.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Morgan Stanley reissued an "overweight" rating and set a $86.00 price objective on shares of Terex in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Terex from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Terex in a research report on Friday, July 17th. Two equities research 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 company's stock. Based on data from MarketBeat.com, Terex currently has an average rating of "Moderate Buy" and a consensus price target of $78.91.

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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