California State Teachers Retirement System Has $9.51 Million Holdings in Terex Corporation $TEX

Key Points

• Institutional ownership remains high: California State Teachers Retirement System increased its Terex stake by 0.3% to 131,421 shares valued at $9.51 million. Hedge funds and other institutional investors own 92.88% of the company.
• Terex exceeded quarterly expectations: The company reported $1.37 in earnings per share versus the $1.23 analyst consensus, while revenue rose 50.5% year over year to $2.24 billion. Management issued fiscal 2026 EPS guidance of $4.70 to $5.10.
• Analysts are moderately bullish: Terex has a consensus “Moderate Buy” rating and an average price target of $78.91, compared with a recent share price of $58.87. The company also declared a quarterly dividend of $0.17 per share, yielding about 1.2% annually.

California State Teachers Retirement System increased its position in Terex Corporation (NYSE:TEX - Free Report) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,421 shares of the industrial products company's stock after buying an additional 335 shares during the quarter. California State Teachers Retirement System owned 0.12% of Terex worth $9,513,566 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Terex during the 2nd quarter valued at about $1,063,541,000. Dimensional Fund Advisors LP increased its position in shares of Terex by 29.4% in 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 purchasing an additional 1,008,444 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Terex during the 2nd quarter worth approximately $116,558,000. Geode Capital Management LLC raised its stake in Terex by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company's stock valued at $86,326,000 after purchasing an additional 6,707 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Terex by 11,448.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company's stock valued at $73,220,000 after acquiring an additional 1,228,196 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Price Performance

Shares of NYSE:TEX traded up $0.18 on Tuesday, reaching $58.87. 392,308 shares of the company were exchanged, compared to its average volume of 1,486,927. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69. 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 50-day moving average of $64.95 and a 200-day moving average of $63.44.

Terex (NYSE:TEX - Get Free Report) last announced its quarterly 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. 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 prior year, the firm earned $1.49 EPS. The business'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. Equities analysts forecast that Terex Corporation will post 5 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, August 11th. Terex's dividend payout ratio is currently 34.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Terex in a research note on Friday, July 17th. JPMorgan Chase & Co. decreased their target price on shares of Terex from $80.00 to $68.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Barclays upped their target price on Terex from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. DA Davidson initiated coverage on Terex in a research note on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 price target for the company. Finally, Truist Financial lifted their target price on shares of Terex from $92.00 to $96.00 and gave the stock a "buy" rating in a report 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.91.

Terex Profile

Terex Corporation NYSE: TEX is a global manufacturer of equipment used in construction, infrastructure development, utilities, quarrying, mining, recycling and other industrial applications. The company operates through two principal business segments: Aerial Work Platforms and Materials Processing.

Through its Genie brand, Terex produces aerial work platforms and related equipment, including boom lifts, scissor lifts, telehandlers and vertical mast lifts. Its Materials Processing segment supplies machinery used to crush, screen, wash, convey and process materials, along with equipment for recycling, wood processing and environmental applications.

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