Jupiter Topco LLC Makes New Investment in Terex Corporation $TEX

Jupiter Topco LLC bought a new stake in Terex Corporation (NYSE:TEX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 50,651 shares of the industrial products company’s stock, valued at approximately $3,668,000.

A number of other institutional investors have also modified their holdings of TEX. EverSource Wealth Advisors LLC raised its stake in shares of Terex by 167.0% during the second 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. Ancora Advisors LLC acquired a new stake in shares of Terex during the second quarter worth $29,000. Strs Ohio purchased a new position in Terex in the 1st quarter valued at $30,000. Essential Partners LLC grew its position in Terex by 171.2% in the 1st 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 last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Terex in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TEX. Evercore restated an “outperform” rating and set a $81.00 price objective on shares of Terex in a research report on Monday, May 11th. Citigroup boosted their price target on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $86.00 price objective on shares of Terex in a report on Monday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Two investment 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’s stock. According to MarketBeat.com, Terex presently has an average rating of “Moderate Buy” and an average price target of $78.91.

Terex Price Performance

Terex stock opened at $59.19 on Wednesday. The company has a market cap of $6.76 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50. Terex Corporation has a one year low of $41.70 and a one year high of $74.69. The business has a fifty day moving average of $66.59 and a two-hundred day moving average of $63.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, analysts predict that Terex Corporation will post 5 earnings per share for the current fiscal year.

Terex Announces Dividend

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. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, August 11th. Terex’s dividend payout ratio is presently 34.69%.

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.