Terex Corporation (TEX) To Go Ex-Dividend on November 9th

Terex Corporation (NYSE:TEX) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Monday, November 9th will be paid a dividend of $0.17 per share by the industrial products company on Friday, December 18th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, November 9th.

Terex has raised its dividend payment by an average of 0.4% annually over the last three years and has raised its dividend every year for the last 5 years. Terex has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Terex to earn $5.86 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 11.6%.

Terex Price Performance

Terex stock opened at $52.73 on Friday. Terex has a one year low of $41.70 and a one year 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 business has a fifty day moving average of $60.23 and a two-hundred day moving average of $62.35. The company has a market cap of $6.03 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.47.

Terex (NYSE:TEX) last posted its quarterly 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 business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. 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 company posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, analysts predict that Terex will post 4.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TEX. Van ECK Associates Corp acquired a new stake in shares of Terex in the second quarter valued at approximately $2,588,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Terex during the 1st quarter worth approximately $6,439,000. Principal Financial Group Inc. raised its position in shares of Terex by 183.0% during the 1st quarter. Principal Financial Group Inc. now owns 402,045 shares of the industrial products company’s stock worth $23,761,000 after purchasing an additional 259,993 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of Terex during the 1st quarter worth approximately $38,992,000. Finally, Hanseatic Management Services Inc. purchased a new stake in Terex in the 1st quarter valued at approximately $1,080,000. Hedge funds and other institutional investors own 92.88% of the company’s stock.

About Terex

Terex Corporation is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling, and materials processing. The company designs, manufactures and supports machinery that helps customers lift, move, process and manage materials in a range of industrial and commercial applications.

Terex operates primarily through its Materials Processing and Aerial Work Platforms segments. Its product portfolio includes crushing and screening equipment, conveyors, washing and recycling systems, material handlers, rough-terrain and telescopic handlers, aerial work platforms, utility equipment and related aftermarket parts and services.