Legal & General Group Plc Makes New $11.77 Million Investment in Terex Corporation $TEX

Legal & General Group Plc acquired a new stake in Terex Corporation (NYSE:TEX) in the second quarter, Holdings Channel reports. The fund acquired 162,633 shares of the industrial products company’s stock, valued at approximately $11,773,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEX. EverSource Wealth Advisors LLC lifted its holdings in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio acquired a new stake in Terex in the 1st quarter valued at $30,000. Essential Partners LLC increased its stake in Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Terex during the 2nd quarter valued at $35,000. Finally, Optiver Holding B.V. increased its stake in Terex by 67.5% during the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TEX. Raymond James Financial raised shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a research note on Monday, May 11th. Truist Financial boosted their target price on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $86.00 price target on shares of Terex in a research report on Monday, August 3rd. Finally, Barclays boosted their price objective on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Two equities research 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 an average rating of “Moderate Buy” and an average price target of $78.91.

Terex Trading Down 0.3%

NYSE:TEX opened at $63.57 on Tuesday. 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 firm has a market cap of $7.26 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51. Terex Corporation has a 52 week low of $41.70 and a 52 week high of $74.69. The firm has a 50-day moving average price of $66.77 and a two-hundred day moving average price of $63.95.

Terex (NYSE:TEX) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the firm earned $1.49 EPS. The company’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. On average, equities analysts expect that Terex Corporation will post 5 earnings per share for the current fiscal year.

Terex Dividend Announcement

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