Tema ETFs LLC Acquires 7,722 Shares of Terex Corporation $TEX

Tema ETFs LLC lifted its holdings in shares of Terex Corporation (NYSE:TEX) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,691 shares of the industrial products company’s stock after purchasing an additional 7,722 shares during the quarter. Tema ETFs LLC owned 0.18% of Terex worth $14,962,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in 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 worth $262,527,000 after buying an additional 1,008,444 shares during the period. Wellington Management Group LLP increased its position in shares of Terex by 17.9% during the fourth quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock worth $149,363,000 after acquiring an additional 425,322 shares in the last quarter. Morgan Stanley increased its position in shares of Terex by 77.2% during the fourth quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock worth $89,094,000 after acquiring an additional 727,277 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Terex by 1.0% during the fourth quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock worth $86,494,000 after acquiring an additional 16,377 shares during the period. Finally, Geode Capital Management LLC lifted its position in Terex by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock valued at $86,326,000 after acquiring an additional 6,707 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TEX shares. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Evercore reiterated an “outperform” rating and set a $81.00 price objective on shares of Terex in a report on Monday, May 11th. Citigroup upped their price target on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Truist Financial lifted their price objective on shares of Terex from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.91.

Terex Stock Up 2.2%

TEX stock opened at $67.80 on Wednesday. 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 business has a 50 day moving average price of $66.32 and a two-hundred day moving average price of $63.45. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.01 and a beta of 1.51. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69.

Terex (NYSE:TEX) last announced its quarterly earnings data 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 company had revenue of $2.24 billion for 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 business’s revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Analysts anticipate that Terex Corporation will post 4.96 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend 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.