Vise Technologies Inc. Buys Shares of 11,859 Terex Corporation $TEX

Vise Technologies Inc. purchased a new stake in shares of Terex Corporation (NYSE:TEX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,859 shares of the industrial products company’s stock, valued at approximately $858,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Terex in the second quarter valued at about $1,063,541,000. Wellington Management Group LLP purchased a new stake in shares of Terex during the 3rd quarter worth about $121,724,000. Invesco Ltd. raised its stake in shares of Terex by 801.3% during the 3rd 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 in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Terex during the 4th quarter valued at about $69,802,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Terex by 11,448.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,238,924 shares of the industrial products company’s stock valued at $73,220,000 after buying an additional 1,228,196 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Trading Down 0.2%

Shares of TEX stock opened at $66.33 on Monday. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69. 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 business’s 50 day moving average is $66.94 and its two-hundred day moving average is $63.84. The company has a market cap of $7.58 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s quarterly 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. Equities analysts predict that Terex Corporation will post 4.99 EPS for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, August 11th. Terex’s dividend payout ratio (DPR) is 34.69%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. DA Davidson started coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price objective on the stock. Barclays lifted their target price on shares of Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Evercore reissued an “outperform” rating and issued a $81.00 target price on shares of Terex in a research report on Monday, May 11th. JPMorgan Chase & Co. dropped their price target on shares of Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Morgan Stanley restated an “overweight” rating and set a $86.00 price target on shares of Terex in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.