253,937 Terex Corporation $TEX Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its holdings in shares of Terex Corporation (NYSE:TEX) by 27.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,178,550 shares of the industrial products company’s stock after buying an additional 253,937 shares during the quarter. William Blair Investment Management LLC’s holdings in Terex were worth $61,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Terex during the second quarter valued at approximately $1,063,541,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Terex by 15,440.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,773,516 shares of the industrial products company’s stock worth $97,437,000 after acquiring an additional 1,762,104 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of Terex during the 2nd quarter worth $116,558,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Terex by 11,448.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after acquiring an additional 1,228,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Terex by 29.4% during 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 acquiring an additional 1,008,444 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Price Performance

NYSE:TEX traded down $0.70 during trading hours on Friday, hitting $56.86. 1,049,747 shares of the stock traded hands, compared to its average volume of 1,755,515. The company has a quick ratio of 0.92, a current ratio of 1.76 and a debt-to-equity ratio of 0.52. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $74.69. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.48. The stock has a 50 day moving average price of $55.83 and a 200 day moving average price of $61.70.

Terex (NYSE:TEX) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.16 billion. Terex had a net margin of 2.64% and a return on equity of 11.79%. The company’s revenue was up 58.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. Sell-side analysts forecast that Terex Corporation will post 4.92 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 9th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, November 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. Terex’s payout ratio is 34.34%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TEX shares. JPMorgan Chase & Co. reduced their price objective on Terex from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a report on Thursday, October 15th. Morgan Stanley lowered their target price on Terex from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. Citigroup cut their price target on Terex from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, Truist Financial restated a “buy” rating and issued a $87.00 price target (up from $85.00) on shares of Terex in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.10.

Terex News Summary

These are some of the TEX news items that stood out recently:

• Positive Sentiment: The board approved a $500 million share-buyback authorization. Repurchases can return capital to shareholders and may signal confidence in Terex’s business outlook; a separate report also cited a jump in quarterly sales. Terex stock: Q3 sales jump as board approves USD 500 million buyback
• Neutral Sentiment: Zacks Research made mixed changes to its quarterly earnings forecasts: it raised several estimates for later 2027 and 2028 quarters, but lowered others. The revisions point to an uneven near-term earnings outlook rather than a consistent change in expectations.
• Negative Sentiment: Industry headwinds remain a caution, and Zacks cut its Q1 2027 EPS estimate to $0.97 from $1.07 and its Q1 2028 estimate to $1.21 from $1.26. These reductions could weigh on sentiment if they reflect pressure on near-term performance.

Terex Profile

Terex Corporation designs, manufactures and supports equipment used in construction, infrastructure, utilities, materials processing and environmental services. Its products include aerial work platforms and machinery for crushing, screening, washing and conveying materials, along with equipment for waste handling and other specialized applications. The company sells equipment and aftermarket services worldwide through a portfolio of brands that includes Genie, Powerscreen, Finlay and Terex. Its customers include contractors, equipment rental companies, municipalities and businesses involved in mining, recycling and infrastructure work.