Terex Corporation $TEX Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its Terex holdings by 33.9% in the first quarter, acquiring 118,120 additional shares for a total position of 467,017 shares valued at approximately $27.6 million. Institutional investors collectively own 92.88% of Terex.
• Terex exceeded second-quarter expectations with EPS of $1.37 and revenue of $2.24 billion, prompting management to raise its outlook. The company guided to fiscal 2026 EPS of $4.70–$5.10, although some analysts reduced estimates for portions of 2027.
• Analyst sentiment remains generally positive, with Terex carrying a “Moderate Buy” consensus rating and an average price target of $78.91 versus a recent share price of $67.98. The company also declared a quarterly dividend of $0.17 per share, representing a 1.0% annualized yield.

Bank of America Corp DE raised its holdings in shares of Terex Corporation (NYSE:TEX - Free Report) by 33.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,017 shares of the industrial products company's stock after acquiring an additional 118,120 shares during the period. Bank of America Corp DE owned approximately 0.41% of Terex worth $27,601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its position in Terex by 15.0% in the 4th quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company's stock valued at $77,000 after buying an additional 189 shares in the last quarter. M&T Bank Corp raised its position in shares of Terex by 3.1% during the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company's stock worth $350,000 after buying an additional 225 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Terex by 4.0% in the 1st quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company's stock worth $436,000 after acquiring an additional 286 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Terex by 0.5% in the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company's stock valued at $2,882,000 after acquiring an additional 287 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Terex by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,396 shares of the industrial products company's stock valued at $2,103,000 after acquiring an additional 328 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Trending Headlines about Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Terex reported second-quarter EPS of $1.37, exceeding the $1.23 consensus estimate, while revenue of $2.24 billion also topped expectations. Management subsequently lifted its outlook during the earnings call, supporting investor confidence in demand and execution. Terex Corporation Lifts Outlook After Strong Earnings Call
• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $4.87 from $4.81, increased its Q4 2026 estimate to $1.20, and lifted its FY2028 forecast to $6.31 from $6.27. These revisions indicate expectations for improving earnings over the longer term. Terex analyst estimate revisions
• Neutral Sentiment: The latest estimates put Terex’s FY2026 EPS at $4.87, close to the company’s guidance range of $4.70 to $5.10 but slightly below the broader consensus estimate of $4.96. The stock is trading near the upper portion of its 52-week range, making continued earnings delivery important for valuation support.
• Negative Sentiment: Zacks lowered its Q1 2027 EPS forecast to $1.08 from $1.15 and cut its Q3 2027 forecast to $1.53 from $1.59. A separate Zacks report characterized its Q3 earnings outlook as pessimistic, signaling potential near-term concerns despite the stronger current results. Zacks Research Has Pessimistic Outlook of Terex Q3 Earnings

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James Financial raised Terex from an "outperform" rating to a "strong-buy" rating and set a $85.00 target price on the stock in a report on Monday, May 11th. Evercore reaffirmed an "outperform" rating and set a $81.00 price target on shares of Terex in a research note on Monday, May 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research report on Friday, July 17th. Morgan Stanley restated an "overweight" rating and issued a $86.00 price objective on shares of Terex in a report on Monday, August 3rd. Finally, Truist Financial raised their target price on Terex from $92.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Terex presently has an average rating of "Moderate Buy" and an average price target of $78.91.

Terex Price Performance

NYSE TEX opened at $67.98 on Monday. The stock has a market capitalization of $7.77 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.04 and a beta of 1.51. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $74.69. The business's fifty day moving average is $66.65 and its two-hundred day moving average is $63.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82.

Terex (NYSE:TEX - Get Free Report) last issued 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 return on equity of 12.24% and a net margin of 2.23%.The business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the previous year, the firm posted $1.49 EPS. 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. On average, research analysts forecast that Terex Corporation will post 4.97 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. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, August 11th. Terex's payout ratio is presently 34.69%.

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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