The Manufacturers Life Insurance Company purchased a new position in shares of Terex Corporation (NYSE:TEX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 101,231 shares of the industrial products company's stock, valued at approximately $7,328,000. The Manufacturers Life Insurance Company owned about 0.09% of Terex as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of TEX. CenterBook Partners LP acquired a new position in shares of Terex during the fourth quarter worth approximately $934,000. Y Intercept Hong Kong Ltd acquired a new stake in Terex in the 1st quarter valued at approximately $6,439,000. Hillsdale Investment Management Inc. bought a new stake in Terex during the 4th quarter valued at $5,055,000. Norges Bank bought a new stake in Terex during the 4th quarter valued at $33,828,000. Finally, Fieldview Capital Management LLC acquired a new position in Terex during the 4th quarter worth $1,898,000. Institutional investors and hedge funds own 92.88% of the company's stock.
Terex Trading Up 0.2%
Terex stock opened at $63.85 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 0.97 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 firm's 50 day moving average price is $66.87 and its two-hundred day moving average price is $63.92.
Terex (NYSE:TEX - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The company's quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts predict that Terex Corporation will post 5 EPS for the current fiscal year.
Terex Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 11th. Terex's dividend payout ratio (DPR) is presently 34.69%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Truist Financial raised their price target on Terex from $92.00 to $96.00 and gave the company a "buy" rating in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their target price on shares of Terex from $80.00 to $68.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. DA Davidson assumed coverage on shares of Terex in a research report on Wednesday, June 24th. They set a "strong-buy" rating and a $81.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Terex in a research note on Friday, July 17th. Finally, Raymond James Financial upgraded shares of Terex from an "outperform" rating to a "strong-buy" rating and set a $85.00 price objective for the company in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $78.91.
Get Our Latest Stock Analysis on Terex
Terex Profile
(
Free Report)
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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