Terex Corporation $TEX Stock Holdings Boosted by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Terex stake by 7,157.5% to 9.5 million shares, representing 8.33% of the company and approximately $688.7 million in value. Institutional investors and hedge funds collectively own 92.88% of Terex.
• Terex exceeded quarterly expectations, reporting adjusted EPS of $1.37 versus the $1.23 consensus and revenue of $2.24 billion, up 50.5% year over year. The company guided to fiscal 2026 EPS of $4.70–$5.10.
• Analysts maintain a Moderate Buy consensus with an average price target of $78.91, while Terex declared a quarterly dividend of $0.17 per share, or a 1.1% annualized yield.

California State Teachers Retirement System boosted its position in shares of Terex Corporation (NYSE:TEX - Free Report) by 7,157.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,513,566 shares of the industrial products company's stock after buying an additional 9,382,480 shares during the quarter. California State Teachers Retirement System owned 8.33% of Terex worth $688,687,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TEX. Millennium Management LLC boosted its position in shares of Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company's stock valued at $9,674,000 after purchasing an additional 234,470 shares during the period. Jones Financial Companies Lllp lifted its stake in Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company's stock valued at $132,000 after buying an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company's stock valued at $41,263,000 after buying an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Terex by 0.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company's stock worth $7,375,000 after buying an additional 1,597 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Terex by 47.4% in the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company's stock worth $1,719,000 after buying an additional 14,629 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Performance

Shares of NYSE TEX opened at $60.81 on Monday. 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 one year low of $41.70 and a one year high of $74.69. The business's 50-day moving average price is $65.16 and its two-hundred day moving average price is $63.52. The company has a market capitalization of $6.95 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50.

Terex (NYSE:TEX - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (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 analysts' expectations of $2.14 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The company's 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. Analysts anticipate that Terex Corporation will post 5 earnings per share for the current fiscal year.

Terex Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on TEX. Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research report on Friday, July 17th. JPMorgan Chase & Co. reduced their target price on Terex from $80.00 to $68.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Wall Street Zen raised Terex from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Morgan Stanley reiterated an "overweight" rating and set a $86.00 price target on shares of Terex in a report on Monday, August 3rd. Finally, Truist Financial upped their price target on Terex from $92.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.91.

Terex Company 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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