Great Lakes Advisors LLC Makes New $4.30 Million Investment in Terex Corporation $TEX

Great Lakes Advisors LLC bought a new stake in Terex Corporation (NYSE:TEX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 59,458 shares of the industrial products company’s stock, valued at approximately $4,304,000.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after buying an additional 369 shares during the period. Strs Ohio acquired a new stake in Terex during the 1st quarter worth approximately $30,000. Essential Partners LLC grew its holdings in Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 356 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Terex during the 2nd quarter worth approximately $35,000. Finally, Optiver Holding B.V. increased its position in Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 315 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Terex Stock Down 0.5%

Terex stock opened at $64.29 on Friday. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 0.98 and a beta of 1.51. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. The firm has a 50 day moving average price of $66.89 and a two-hundred day moving average price of $63.79.

Terex (NYSE:TEX) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm posted $1.49 EPS. The company’s quarterly revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities analysts predict that Terex Corporation will post 4.99 EPS for the current year.

Terex Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.1%. Terex’s payout ratio is presently 34.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Truist Financial increased their price objective on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, July 31st. Barclays raised their target price on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, DA Davidson started coverage on Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.91.

Terex 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.