Hsbc Holdings PLC Makes New $660,000 Investment in Terex Corporation $TEX

Hsbc Holdings PLC purchased a new stake in Terex Corporation (NYSE:TEX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,128 shares of the industrial products company’s stock, valued at approximately $660,000.

Other hedge funds have also modified their holdings of the company. Ancora Advisors LLC acquired a new position in shares of Terex during the 2nd quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Terex during the 2nd quarter valued at $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 in 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 in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Terex in the second quarter worth $51,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $86.00 price objective on shares of Terex in a research note on Monday, August 3rd. Truist Financial upped their target price on shares of Terex from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, July 31st. Evercore reaffirmed an “outperform” rating and set a $81.00 price target on shares of Terex in a research note on Monday, May 11th. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.91.

Terex Price Performance

TEX opened at $61.88 on Thursday. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $74.69. The company’s 50 day simple moving average is $66.42 and its 200 day simple moving average is $63.85. The stock has a market capitalization of $7.07 billion, a PE ratio of 31.57, a P/E/G ratio of 0.90 and a beta of 1.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The business’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, sell-side analysts expect that Terex Corporation will post 5 EPS for the current year.

Terex Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is presently 34.69%.

Terex Company 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.