De Lisle Partners LLP Purchases Shares of 20,000 Terex Corporation $TEX

De Lisle Partners LLP acquired a new stake in Terex Corporation (NYSE:TEX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 20,000 shares of the industrial products company’s stock, valued at approximately $1,448,000.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Terex in the 2nd quarter valued at about $35,000. Essential Partners LLC increased its position in Terex by 171.2% during the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after buying an additional 356 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Allworth Financial LP bought a new stake in Terex in the second quarter valued at approximately $51,000. Finally, Optiver Holding B.V. raised its stake in 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.

Terex Trading Up 3.3%

Shares of NYSE:TEX opened at $66.33 on Friday. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69. The business has a 50 day moving average of $66.94 and a 200-day moving average of $63.81. 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 stock has a market cap of $7.58 billion, a PE ratio of 33.84, a P/E/G ratio of 1.01 and a beta of 1.51.

Terex (NYSE:TEX) last announced its 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 company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, equities research analysts forecast that Terex Corporation will post 4.99 earnings per share for the current year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is presently 34.69%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TEX shares. Citigroup lifted their target price on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. dropped their price target on 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 raised their price target on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, July 31st. Barclays lifted their price objective on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $86.00 price objective on shares of Terex in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.91.

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.