Terex Corporation (TEX) To Go Ex-Dividend on August 11th

Terex Corporation (NYSE:TEX) announced a quarterly dividend on Friday, June 26th. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.17 per share by the industrial products company on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th.

Terex has raised its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Terex has a payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Terex to earn $5.93 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.5%.

Terex Trading Up 3.7%

Shares of NYSE:TEX opened at $67.77 on Friday. The company has a market capitalization of $7.74 billion, a P/E ratio of 34.58, a P/E/G ratio of 1.04 and a beta of 1.51. Terex has a 1 year low of $41.70 and a 1 year high of $74.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The business’s 50 day simple moving average is $66.03 and its 200 day simple moving average is $63.33.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate 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%.The company’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts anticipate that Terex will post 4.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio bought a new position in Terex in the first quarter valued at about $30,000. Essential Partners LLC boosted its stake in shares of Terex by 171.2% during the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Terex during the second quarter worth about $35,000. Finally, Optiver Holding B.V. increased its stake in shares of Terex by 67.5% in the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after buying an additional 315 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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.