10,026 Shares in Terex Corporation $TEX Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new position in shares of Terex Corporation (NYSE:TEX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,026 shares of the industrial products company’s stock, valued at approximately $726,000.

A number of other hedge funds have also bought and sold shares of TEX. CenterBook Partners LP purchased a new stake in Terex in the fourth quarter valued at approximately $934,000. Y Intercept Hong Kong Ltd purchased a new stake in Terex during the first quarter worth $6,439,000. M&T Bank Corp grew its position in Terex by 814.9% during the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock valued at $3,657,000 after buying an additional 61,014 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Terex during the fourth quarter valued at $5,055,000. Finally, Norges Bank purchased a new position in Terex in the fourth quarter valued at $33,828,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Down 4.3%

Shares of NYSE TEX opened at $64.48 on Wednesday. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. The company’s 50-day simple moving average is $66.76 and its 200-day simple moving average is $63.69. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.14. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities analysts predict that Terex Corporation will post 4.97 EPS for the current fiscal year.

Terex Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TEX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research note on Friday, July 17th. Truist Financial lifted their price target on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, July 31st. DA Davidson initiated coverage on Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target for the company. Barclays increased their price target on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Citigroup raised 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. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.