18,800 Shares in Terex Corporation $TEX Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Terex Corporation (NYSE:TEX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,800 shares of the industrial products company’s stock, valued at approximately $1,361,000.

Several other large investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Terex by 7.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 161 shares during the period. UMB Bank n.a. grew its stake in shares of Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares during the period. M&T Bank Corp lifted its position in Terex by 3.1% during the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 225 shares during the period. Kestra Advisory Services LLC boosted its holdings in Terex by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 286 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Terex by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock worth $2,882,000 after purchasing an additional 287 shares during the period. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TEX shares. JPMorgan Chase & Co. dropped their price target on Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Monday, May 11th. Citigroup increased their target price on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Morgan Stanley restated an “overweight” rating and set a $86.00 target price on shares of Terex in a research note on Monday, August 3rd. Finally, Barclays lifted their price target on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Terex presently has a consensus rating of “Moderate Buy” and an average price target of $78.91.

Terex Stock Performance

NYSE:TEX opened at $63.85 on Friday. The stock has a 50-day moving average price of $66.87 and a 200 day moving average price of $63.90. The stock has a market capitalization of $7.30 billion, a P/E ratio of 32.58, a P/E/G ratio of 0.98 and a beta of 1.51. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54.

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

Terex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Terex’s dividend payout ratio is currently 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.