Front Street Capital Management Inc. Makes New $13.48 Million Investment in Terex Corporation $TEX

Front Street Capital Management Inc. acquired a new stake in Terex Corporation (NYSE:TEX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 186,279 shares of the industrial products company’s stock, valued at approximately $13,485,000. Terex makes up approximately 1.5% of Front Street Capital Management Inc.’s portfolio, making the stock its 24th biggest holding.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Terex in the second quarter valued at approximately $1,063,541,000. Wellington Management Group LLP bought a new position in Terex in the 3rd quarter valued at $121,724,000. Invesco Ltd. boosted its position in Terex by 801.3% in the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after buying an additional 1,425,996 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Terex in the 4th quarter valued at $69,802,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Terex by 11,448.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after buying an additional 1,228,196 shares during the period. 92.88% of the stock is owned by institutional investors.

Terex Price Performance

Terex stock opened at $65.90 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $7.53 billion, a P/E ratio of 33.62, a PEG ratio of 1.01 and a beta of 1.51. The business has a 50-day moving average of $66.95 and a 200-day moving average of $63.86. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $74.69.

Terex (NYSE:TEX) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company posted $1.49 EPS. Terex’s revenue for the quarter was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, equities analysts anticipate that Terex Corporation will post 4.99 EPS for the current year.

Terex Announces Dividend

The company 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 $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Terex’s payout ratio is 34.69%.

Wall Street Analysts Forecast Growth

TEX has been the topic of several research reports. Barclays upped their price target on Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Evercore restated an “outperform” rating and issued a $81.00 price objective on shares of Terex in a report on Monday, May 11th. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.91.

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.