William Blair Investment Management LLC Buys Shares of 924,613 Terex Corporation $TEX

William Blair Investment Management LLC acquired a new stake in shares of Terex Corporation (NYSE:TEX) in the 2nd quarter, HoldingsChannel reports. The firm acquired 924,613 shares of the industrial products company’s stock, valued at approximately $66,933,000.

Several other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Terex in the second quarter valued at approximately $35,000. Essential Partners LLC increased its stake in shares of Terex by 171.2% in the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after buying an additional 356 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares during the last quarter. Allworth Financial LP bought a new position in Terex during the second quarter worth $51,000. Finally, Optiver Holding B.V. raised its position in shares of Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 315 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

TEX has been the topic of a number of research reports. Evercore reiterated an “outperform” rating and set a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Wall Street Zen raised shares of Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. DA Davidson started coverage on Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $86.00 price target on shares of Terex in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.91.

Terex Trading Up 3.3%

Shares of TEX opened at $66.33 on Friday. The business’s 50-day moving average price is $66.94 and its 200-day moving average price is $63.81. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.58 billion, a PE ratio of 33.84, a P/E/G ratio of 0.97 and a beta of 1.51. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69.

Terex (NYSE:TEX) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.14 billion. During the same period in the prior year, the company posted $1.49 EPS. The business’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. On average, equities analysts forecast that Terex Corporation will post 4.99 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. 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 yield of 1.0%. Terex’s payout ratio is presently 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.