55,421 Shares in Terex Corporation $TEX Acquired by Cibc World Market Inc.

Cibc World Market Inc. bought a new position in Terex Corporation (NYSE:TEX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,421 shares of the industrial products company’s stock, valued at approximately $4,012,000.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Terex in the 2nd quarter valued at $1,063,541,000. Wellington Management Group LLP purchased a new stake in Terex during the third quarter valued at about $121,724,000. Invesco Ltd. boosted its position in Terex by 801.3% during the third quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after buying an additional 1,425,996 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Terex during the fourth quarter valued at about $69,802,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Terex by 11,448.5% during the first 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 institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TEX shares. Morgan Stanley reissued an “overweight” rating and issued a $86.00 target price on shares of Terex in a research note on Monday, August 3rd. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Evercore reaffirmed an “outperform” rating and issued a $81.00 target price on shares of Terex in a research note on Monday, May 11th. Finally, Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, May 11th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.91.

Terex Stock Performance

NYSE TEX opened at $65.22 on Thursday. The firm has a market capitalization of $7.45 billion, a PE ratio of 33.28, a P/E/G ratio of 0.99 and a beta of 1.51. The stock’s 50 day moving average is $66.98 and its 200 day moving average is $63.89. Terex Corporation has a twelve month low of $41.70 and a twelve 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.

Terex (NYSE:TEX) last announced its 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 firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The company’s quarterly revenue was up 50.5% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Research analysts forecast that Terex Corporation will post 5 earnings per share for the current fiscal year.

Terex Announces Dividend

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

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.