Legal & General Group Plc Acquires New Holdings in Terex Corporation $TEX

Legal & General Group Plc bought a new position in shares of Terex Corporation (NYSE:TEX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 162,633 shares of the industrial products company’s stock, valued at approximately $11,773,000. Legal & General Group Plc owned 0.14% of Terex at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TEX. EverSource Wealth Advisors LLC increased its position in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares during the period. Strs Ohio acquired a new position in shares of Terex during the first quarter worth $30,000. Essential Partners LLC lifted its holdings in shares of Terex by 171.2% during the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 356 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Terex in the second quarter worth $35,000. Finally, Optiver Holding B.V. grew its stake in shares of Terex by 67.5% in the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 315 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Stock Performance

NYSE:TEX opened at $63.57 on Tuesday. The company has a fifty day moving average of $66.77 and a 200-day moving average of $63.95. The firm has a market capitalization of $7.26 billion, a P/E ratio of 32.43, a P/E/G ratio of 0.97 and a beta of 1.51. 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 Corporation has a twelve month low of $41.70 and a twelve month high of $74.69.

Terex (NYSE:TEX) last issued 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. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. Terex’s revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, sell-side analysts anticipate that Terex Corporation will post 5 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Terex’s dividend payout ratio is currently 34.69%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. decreased their price target on Terex from $80.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. DA Davidson assumed coverage on Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Barclays raised their price objective on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and a consensus target price of $78.91.

About Terex

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.