Terex Corporation $TEX Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Terex Corporation (NYSE:TEX) by 11.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,337,162 shares of the industrial products company’s stock after selling 411,282 shares during the period. Wellington Management Group LLP’s holdings in Terex were worth $241,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TEX. BlackRock Inc. acquired a new stake in Terex during the second quarter worth approximately $1,063,541,000. Freestone Grove Partners LP acquired a new stake in shares of Terex during the second quarter worth about $116,558,000. Invesco Ltd. lifted its position in 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 during the period. Schonfeld Strategic Advisors LLC purchased a new position in Terex in the 4th quarter valued at $69,802,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in 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 buying an additional 1,228,196 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Price Performance

Terex stock opened at $63.85 on Monday. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The firm has a market capitalization of $7.30 billion, a P/E ratio of 32.58, a PEG ratio of 0.97 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $66.87 and a 200-day moving average of $63.92.

Terex (NYSE:TEX) last released 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. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.Terex’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, analysts predict that Terex Corporation will post 5 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s payout ratio is currently 34.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TEX shares. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. JPMorgan Chase & Co. cut their price target on Terex from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Citigroup increased their price target on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial raised their price objective on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.91.

Terex Company 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.