Perigon Wealth Management LLC Invests $726,000 in Terex Corporation $TEX

Perigon Wealth Management LLC bought a new position in shares of Terex Corporation (NYSE:TEX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,026 shares of the industrial products company’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CenterBook Partners LP purchased a new stake in Terex during the 4th quarter valued at about $934,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Terex during the 1st quarter worth approximately $6,439,000. M&T Bank Corp boosted its holdings in shares of Terex by 814.9% during the 4th quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock worth $3,657,000 after purchasing an additional 61,014 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Terex in the fourth quarter valued at approximately $5,055,000. Finally, Norges Bank acquired a new stake in shares of Terex in the fourth quarter valued at approximately $33,828,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TEX has been the subject of several analyst reports. DA Davidson assumed coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Barclays lifted their price target on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Raymond James Financial raised 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 report on Monday, May 11th. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.91.

Terex Trading Down 4.3%

TEX opened at $64.48 on Wednesday. The stock has a market capitalization of $7.37 billion, a PE ratio of 32.90, a P/E/G ratio of 1.04 and a beta of 1.51. Terex Corporation 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’s 50 day moving average price is $66.76 and its 200 day moving average price is $63.69.

Terex (NYSE:TEX) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%.The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, equities research analysts expect that Terex Corporation will post 4.97 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s dividend payout ratio is currently 34.69%.

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.