Tema ETFs LLC Buys 7,722 Shares of Terex Corporation $TEX

Tema ETFs LLC grew its stake in Terex Corporation (NYSE:TEX) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,691 shares of the industrial products company’s stock after purchasing an additional 7,722 shares during the quarter. Tema ETFs LLC’s holdings in Terex were worth $14,962,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC grew its stake 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 buying an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Terex by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 2,841 shares during the last quarter. Goldman Sachs Group Inc. increased its stake 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 worth $7,375,000 after purchasing an additional 1,597 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Terex by 47.4% in the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after buying an additional 14,629 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

NYSE TEX opened at $67.80 on Wednesday. The firm’s 50 day simple moving average is $66.32 and its 200 day simple moving average is $63.45. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.01 and a beta of 1.51. 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 Corporation has a 1 year low of $41.70 and a 1 year high of $74.69.

Terex (NYSE:TEX) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The company’s quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, research analysts expect that Terex Corporation will post 4.96 earnings per share for the current fiscal year.

Terex Dividend Announcement

The firm also recently disclosed 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 of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is 34.69%.

Analyst Ratings Changes

TEX has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research report on Monday, May 11th. Truist Financial boosted their price target on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $86.00 target price 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 issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.91.

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.