Terex Corporation $TEX Stock Position Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in Terex Corporation (NYSE:TEX) by 69.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,270 shares of the industrial products company’s stock after acquiring an additional 43,120 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Terex were worth $6,221,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of Terex during the 3rd quarter valued at approximately $121,724,000. Invesco Ltd. lifted its stake in Terex by 801.3% during the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after purchasing an additional 1,425,996 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Terex in the fourth quarter worth $69,802,000. Arrowstreet Capital Limited Partnership boosted its holdings in Terex by 11,448.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after purchasing an additional 1,228,196 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Terex by 29.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after purchasing an additional 1,008,444 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TEX shares. 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 report on Friday, July 31st. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Citigroup increased their price objective on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, DA Davidson assumed coverage on shares of Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and a consensus target price of $78.91.

Terex Price Performance

Shares of NYSE TEX opened at $66.25 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The firm has a market capitalization of $7.57 billion, a PE ratio of 33.80, a P/E/G ratio of 1.02 and a beta of 1.51. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69. The business’s fifty day moving average price is $65.71 and its two-hundred day moving average price is $63.26.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.14. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts expect that Terex Corporation will post 4.93 EPS for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s payout ratio is presently 34.69%.

About Terex

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.