118,891 Shares in Terex Corporation $TEX Bought by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in Terex Corporation (NYSE:TEX) during the first quarter, HoldingsChannel.com reports. The fund purchased 118,891 shares of the industrial products company’s stock, valued at approximately $7,026,000.

A number of other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in shares of Terex during the 3rd quarter worth about $121,724,000. Invesco Ltd. raised its position in shares of Terex by 801.3% during the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after acquiring an additional 1,425,996 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Terex during the 4th quarter worth about $69,802,000. Arrowstreet Capital Limited Partnership lifted its stake in Terex by 11,448.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after purchasing an additional 1,228,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Terex by 29.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after purchasing an additional 1,008,444 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TEX has been the topic of several recent analyst reports. Truist Financial increased their price target on shares of Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Citigroup upped their target price on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Monday, May 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $86.00 price objective on shares of Terex in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Terex has an average rating of “Moderate Buy” and a consensus target price of $78.91.

Terex Price Performance

Shares of NYSE TEX opened at $66.06 on Wednesday. The stock has a market cap of $7.55 billion, a P/E ratio of 33.71, a P/E/G ratio of 0.99 and a beta of 1.51. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The stock has a 50 day moving average of $65.57 and a two-hundred day moving average of $63.22. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54.

Terex (NYSE:TEX) 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. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts forecast that Terex Corporation will post 4.92 earnings per share for the current year.

Terex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s payout ratio is currently 34.69%.

About Terex

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.