De Lisle Partners LLP Acquires Shares of 20,000 Terex Corporation $TEX

De Lisle Partners LLP bought a new position in shares of Terex Corporation (NYSE:TEX) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,000 shares of the industrial products company’s stock, valued at approximately $1,448,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEX. GAMMA Investing LLC boosted its stake in shares of Terex by 7.6% in the second quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock valued at $166,000 after buying an additional 161 shares during the period. UMB Bank n.a. increased its stake in Terex by 15.0% during the 4th 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 raised its holdings in Terex by 3.1% in the 2nd quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 225 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Terex by 4.0% in the 1st quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock valued at $436,000 after acquiring an additional 286 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Terex by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock valued at $2,882,000 after acquiring an additional 287 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Terex Trading Up 3.3%

Shares of TEX opened at $66.33 on Friday. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The business’s fifty day moving average is $66.94 and its 200-day moving average is $63.81. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 1.01 and a beta of 1.51.

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 during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm earned $1.49 EPS. Terex’s revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities analysts anticipate that Terex Corporation will post 4.99 EPS for the current fiscal 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 paid a dividend of $0.17 per share. 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 payout ratio is presently 34.69%.

Analysts Set New Price Targets

A number of research analysts recently commented on TEX shares. Citigroup raised their price target on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Friday, July 17th. Barclays raised their target price on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Truist Financial boosted their target price on shares of Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.91.

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.