Cooper Creek Partners Management LLC Makes New Investment in Terex Corporation $TEX

Cooper Creek Partners Management LLC bought a new position in shares of Terex Corporation (NYSE:TEX) during the first quarter, Holdings Channel reports. The fund bought 659,769 shares of the industrial products company’s stock, valued at approximately $38,992,000. Terex accounts for 1.3% of Cooper Creek Partners Management LLC’s holdings, making the stock its 27th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of TEX. Dimensional Fund Advisors LP increased its holdings in shares of Terex by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after buying an additional 1,008,444 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Terex by 17.9% in the fourth quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock valued at $149,363,000 after acquiring an additional 425,322 shares during the last quarter. Morgan Stanley lifted its holdings in Terex by 77.2% in the fourth quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after acquiring an additional 727,277 shares during the last quarter. Invesco Ltd. grew its position in Terex by 1.0% in the fourth quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock worth $86,494,000 after acquiring an additional 16,377 shares during the period. Finally, Geode Capital Management LLC grew its position in Terex by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,616,942 shares of the industrial products company’s stock worth $86,326,000 after acquiring an additional 6,707 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Trading Up 1.8%

Shares of NYSE TEX opened at $69.73 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $7.96 billion, a PE ratio of 33.36, a PEG ratio of 1.09 and a beta of 1.49. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The stock has a fifty day simple moving average of $64.48 and a 200-day simple moving average of $62.89.

Terex (NYSE:TEX) last posted its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company earned $0.83 EPS. Terex’s revenue was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, equities analysts forecast that Terex Corporation will post 4.85 earnings per share 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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio is currently 32.54%.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the transaction, the insider owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TEX. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research note on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. JPMorgan Chase & Co. raised their price objective on Terex from $69.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective on shares of Terex in a report on Wednesday, May 6th. Finally, DA Davidson assumed coverage on shares of Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price on the stock. Two 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.45.

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.