Janus Henderson Group PLC Increases Stock Holdings in Terex Corporation $TEX

Janus Henderson Group PLC lifted its stake in shares of Terex Corporation (NYSE:TEX) by 71.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,651 shares of the industrial products company’s stock after buying an additional 21,051 shares during the quarter. Janus Henderson Group PLC’s holdings in Terex were worth $2,995,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TEX. Wellington Management Group LLP acquired a new stake in Terex during the 3rd quarter worth $121,724,000. Invesco Ltd. grew its holdings in shares of Terex by 801.3% during the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock worth $82,283,000 after purchasing an additional 1,425,996 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Terex during the fourth quarter worth about $69,802,000. Arrowstreet Capital Limited Partnership increased its position in shares of Terex by 11,448.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock worth $73,220,000 after purchasing an additional 1,228,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Terex by 29.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock valued at $262,527,000 after purchasing an additional 1,008,444 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Key Stories Impacting Terex

Here are the key news stories impacting Terex this week:

• Positive Sentiment: KeyCorp raised its earnings forecasts: The firm increased its Q3 2026 EPS estimate to $1.37 from $1.33 and lifted its FY2026 forecast to $4.95 from $4.84, matching the current consensus estimate.
• Positive Sentiment: Higher long-term profit expectations: KeyCorp boosted its FY2027 EPS estimate to $5.80 from $5.33 and its FY2028 estimate to $6.70 from $6.32. The upgrades suggest improving confidence in Terex’s earnings growth beyond the current year.
• Positive Sentiment: Buy rating retained: Barclays continued to rate Terex “Buy,” reinforcing the constructive analyst sentiment surrounding the stock. Barclays Sticks to Their Buy Rating for Terex
• Neutral Sentiment: Additional quarterly estimates issued: KeyCorp projected 2027 EPS of $1.16, $1.52, $1.66 and $1.45 for the first through fourth quarters, respectively, along with 2028 first- and second-quarter EPS of $1.36 and $1.75. These figures provide a more detailed earnings outlook but were not identified as additional forecast increases.
• Neutral Sentiment: Valuation remains a consideration: Terex recently traded at $67.77, above its 50-day and 200-day moving averages and near its 52-week high. With a P/E ratio of approximately 34.6, further gains may depend on the company delivering the analysts’ projected earnings growth.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup raised their price target on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Barclays raised their target price on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Zacks Research raised shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $86.00 price target on shares of Terex in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Terex currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.91.

Terex Trading Up 3.7%

NYSE TEX opened at $67.77 on Friday. The stock has a market capitalization of $7.74 billion, a P/E ratio of 34.58, a P/E/G ratio of 1.04 and a beta of 1.51. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The firm has a 50-day moving average price of $66.03 and a 200 day moving average price of $63.33. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54.

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 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 analyst estimates of $2.14 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The firm’s revenue for the quarter 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 expect that Terex Corporation will post 4.96 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Terex’s payout ratio is 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.