Lazard Asset Management LLC Has $4.68 Million Stock Holdings in Terex Corporation $TEX

Lazard Asset Management LLC lifted its holdings in Terex Corporation (NYSE:TEX) by 533.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,279 shares of the industrial products company’s stock after buying an additional 66,763 shares during the quarter. Lazard Asset Management LLC’s holdings in Terex were worth $4,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TEX. Millennium Management LLC increased its position in Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Terex by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 2,841 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after purchasing an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock valued at $7,375,000 after purchasing an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after purchasing an additional 14,629 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Up 1.1%

Shares of NYSE:TEX opened at $62.89 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.88. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 0.97 and a beta of 1.49. The company has a 50 day moving average of $65.31 and a 200-day moving average of $63.14. Terex Corporation has a one year low of $41.70 and a one year high of $74.69.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $2.14 billion. During the same period in the prior year, the business posted $1.49 earnings per share. Terex’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. On average, sell-side analysts forecast that Terex Corporation will post 4.85 earnings per share for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders 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 annualized dividend and a dividend yield of 1.1%. Terex’s payout ratio is presently 32.54%.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the transaction, the insider owned 48,706 shares of the company’s stock, valued at $2,996,880.18. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Key Headlines Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: Results exceeded expectations: Terex reported second-quarter adjusted EPS of $1.37, above the $1.23–$1.25 analyst consensus, while revenue reached $2.24 billion versus expectations of approximately $2.14 billion. Sales increased 50.5% year over year, helped by the REV Group acquisition. Terex Reports Second Quarter 2026 Results
• Positive Sentiment: Raised 2026 outlook: Management increased its full-year sales forecast to $7.9 billion–$8.2 billion and adjusted EBITDA guidance to $960 million–$1.0 billion. The EPS outlook is $4.70–$5.10, broadly in line with the $4.87 consensus estimate. Terex posts strong Q2 results, raises 2026 outlook
• Positive Sentiment: Demand indicators improved: Pro forma sales rose 8.5%, bookings increased 25.2% year over year, and backlog stood at $6.9 billion. These figures support expectations for continued revenue visibility across Terex’s end markets. Terex Q2 Sales Rise 50.5% to $2.2 Billion
• Positive Sentiment: Analyst support remains: Truist raised its price target to $96 and maintained a “buy” rating, implying substantial potential upside from recent trading levels.
• Neutral Sentiment: REV Group integration: Terex completed its acquisition of REV Group, expanding its specialized vehicle portfolio. The deal adds growth opportunities but also leaves investors focused on integration execution and potential synergies. Terex Completes REV Group Acquisition
• Negative Sentiment: Mixed valuation signals: JPMorgan lowered its price target from $80 to $68 and shifted to a “neutral” rating, suggesting limited upside after the earnings reaction. Reports also highlighted that adjusted EPS declined from $1.49 a year earlier, while recent insider transactions were exclusively sales.

Analyst Ratings Changes

TEX has been the subject of a number of research reports. Truist Financial raised their price target on shares of Terex from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday. Evercore reaffirmed an “outperform” rating and set a $81.00 price objective on shares of Terex in a report on Monday, May 11th. Zacks Research upgraded Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. DA Davidson assumed coverage on Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.73.

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.