Hsbc Holdings PLC Takes Position in Terex Corporation $TEX

Hsbc Holdings PLC acquired a new position in Terex Corporation (NYSE:TEX) in the first quarter, Holdings Channel.com reports. The fund acquired 9,253 shares of the industrial products company’s stock, valued at approximately $547,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TEX. Millennium Management LLC raised its stake in Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after buying an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Terex by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Terex by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after acquiring an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after acquiring an additional 14,629 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Results exceeded expectations: Terex reported second-quarter adjusted EPS of $1.37, above the $1.23–$1.25 analyst consensus, while revenue reached $2.24 billion versus expectations of approximately $2.14 billion. Sales increased 50.5% year over year, helped by the REV Group acquisition. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Raised 2026 outlook: Management increased its full-year sales forecast to $7.9 billion–$8.2 billion and adjusted EBITDA guidance to $960 million–$1.0 billion. The EPS outlook is $4.70–$5.10, broadly in line with the $4.87 consensus estimate. Terex posts strong Q2 results, raises 2026 outlook
• Positive Sentiment: Demand indicators improved: Pro forma sales rose 8.5%, bookings increased 25.2% year over year, and backlog stood at $6.9 billion. These figures support expectations for continued revenue visibility across Terex’s end markets. Terex Q2 Sales Rise 50.5% to $2.2 Billion
• Positive Sentiment: Analyst support remains: Truist raised its price target to $96 and maintained a “buy” rating, implying substantial potential upside from recent trading levels.
• Neutral Sentiment: REV Group integration: Terex completed its acquisition of REV Group, expanding its specialized vehicle portfolio. The deal adds growth opportunities but also leaves investors focused on integration execution and potential synergies. Terex Completes REV Group Acquisition
• Negative Sentiment: Mixed valuation signals: JPMorgan lowered its price target from $80 to $68 and shifted to a “neutral” rating, suggesting limited upside after the earnings reaction. Reports also highlighted that adjusted EPS declined from $1.49 a year earlier, while recent insider transactions were exclusively sales.

Wall Street Analysts Forecast Growth

TEX has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Truist Financial lifted their target price on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research note on Monday, May 11th. Finally, Citigroup raised their price target on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.73.

Terex Price Performance

Shares of NYSE:TEX opened at $62.89 on Friday. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The company has a current ratio of 1.82, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. The company has a market cap of $7.18 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 0.97 and a beta of 1.49. The company’s 50 day moving average is $65.31 and its 200 day moving average is $63.14.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. The business had revenue of $2.24 billion during 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 quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, sell-side analysts forecast that Terex Corporation will post 4.85 EPS for the current year.

Terex Announces Dividend

The firm 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio (DPR) is 32.54%.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the transaction, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.