Terex Corporation $TEX Shares Bought by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management increased its Terex stake by 2,744.5% in the second quarter, acquiring 131,735 additional shares and bringing its holdings to 136,535 shares valued at about $9.9 million.
• Terex reported quarterly revenue of $2.24 billion and EPS of $1.37, exceeding analyst expectations, while revenue rose 50.5% year over year. The company guided to fiscal 2026 EPS of $4.70–$5.10.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $78.91; Terex also declared a quarterly dividend of $0.17 per share.

Contravisory Investment Management Inc. grew its position in Terex Corporation (NYSE:TEX - Free Report) by 2,744.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,535 shares of the industrial products company's stock after acquiring an additional 131,735 shares during the period. Terex comprises 1.7% of Contravisory Investment Management Inc.'s portfolio, making the stock its 19th largest holding. Contravisory Investment Management Inc. owned 0.12% of Terex worth $9,884,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TEX. CenterBook Partners LP acquired a new stake in Terex in the fourth quarter valued at $934,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Terex during the 1st quarter worth $6,439,000. M&T Bank Corp grew its stake in shares of Terex by 814.9% during the 4th quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company's stock worth $3,657,000 after purchasing an additional 61,014 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Terex in the 4th quarter valued at about $5,055,000. Finally, Norges Bank purchased a new position in shares of Terex in the 4th quarter valued at about $33,828,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Price Performance

Shares of NYSE TEX opened at $67.77 on Monday. 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's 50-day moving average price is $66.03 and its 200 day moving average price is $63.35. Terex Corporation has a 52 week low of $41.70 and a 52 week high of $74.69. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 1.04 and a beta of 1.51.

Terex (NYSE:TEX - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. The firm's quarterly revenue was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, research analysts forecast that Terex Corporation will post 4.96 earnings per share for the current fiscal year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors 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 1.0%. The ex-dividend date is Tuesday, August 11th. Terex's payout ratio is currently 34.69%.

Trending Headlines about Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: KeyCorp raised its earnings forecasts: The firm increased its Q3 2026 EPS estimate to $1.37 from $1.33 and lifted its FY2026 forecast to $4.95 from $4.84, matching the current consensus estimate.
• Positive Sentiment: Higher long-term profit expectations: KeyCorp boosted its FY2027 EPS estimate to $5.80 from $5.33 and its FY2028 estimate to $6.70 from $6.32. The upgrades suggest improving confidence in Terex’s earnings growth beyond the current year.
• Positive Sentiment: Buy rating retained: Barclays continued to rate Terex “Buy,” reinforcing the constructive analyst sentiment surrounding the stock. Barclays Sticks to Their Buy Rating for Terex
• Neutral Sentiment: Additional quarterly estimates issued: KeyCorp projected 2027 EPS of $1.16, $1.52, $1.66 and $1.45 for the first through fourth quarters, respectively, along with 2028 first- and second-quarter EPS of $1.36 and $1.75. These figures provide a more detailed earnings outlook but were not identified as additional forecast increases.
• Neutral Sentiment: Valuation remains a consideration: Terex recently traded at $67.77, above its 50-day and 200-day moving averages and near its 52-week high. With a P/E ratio of approximately 34.6, further gains may depend on the company delivering the analysts’ projected earnings growth.

Analyst Ratings Changes

TEX has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Terex from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They issued a "strong-buy" rating and a $81.00 target price for the company. Evercore reiterated an "outperform" rating and set a $81.00 price target on shares of Terex in a research report on Monday, May 11th. Truist Financial boosted their price target on Terex from $92.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered their price target on Terex from $80.00 to $68.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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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