Van ECK Associates Corp Takes $2.59 Million Position in Terex Corporation $TEX

Van ECK Associates Corp acquired a new position in shares of Terex Corporation (NYSE:TEX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,756 shares of the industrial products company’s stock, valued at approximately $2,588,000.

A number of other institutional investors have also recently bought and sold shares of TEX. BlackRock Inc. purchased a new position in Terex in the second quarter valued at about $1,063,541,000. Dimensional Fund Advisors LP raised its stake in shares of Terex by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,442,435 shares of the industrial products company’s stock worth $262,527,000 after purchasing an additional 1,008,444 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Terex by 17.9% during the 4th quarter. Wellington Management Group LLP now owns 2,798,109 shares of the industrial products company’s stock valued at $149,363,000 after buying an additional 425,322 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Terex by 77.2% during the 4th quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after buying an additional 727,277 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Terex by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,620,342 shares of the industrial products company’s stock valued at $86,494,000 after buying an additional 16,377 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Trading Up 1.5%

Terex stock opened at $62.71 on Friday. Terex Corporation has a 52 week low of $41.70 and a 52 week high of $74.69. 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 capitalization of $7.17 billion, a PE ratio of 31.99, a PEG ratio of 0.94 and a beta of 1.50. The business’s 50-day simple moving average is $66.19 and its 200-day simple moving average is $63.81.

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

Terex Dividend Announcement

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 payout ratio is presently 34.69%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TEX. Citigroup increased their price objective on Terex from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Barclays boosted their target price on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. DA Davidson assumed coverage on Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Finally, Truist Financial boosted their price objective on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.