Terex Corporation (NYSE:TEX) Declares $0.17 Quarterly Dividend

Terex Corporation (NYSE:TEX) announced a quarterly dividend on Friday, June 26th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.17 per share by the industrial products company on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th.

Terex has increased its dividend by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Terex has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Terex to earn $5.93 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 11.5%.

Terex Price Performance

Shares of NYSE TEX opened at $67.77 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $66.03 and its two-hundred day moving average price is $63.33. The company has a market cap of $7.74 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. Terex has a twelve month low of $41.70 and a twelve month high of $74.69.

Terex (NYSE:TEX) last issued 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. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, analysts predict that Terex will post 4.96 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares during the period. Strs Ohio bought a new position in Terex during the first quarter worth about $30,000. Essential Partners LLC raised its stake in Terex by 171.2% in the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 356 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Terex in the 2nd quarter worth about $35,000. Finally, Optiver Holding B.V. raised its stake in Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

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.