Livforsakringsbolaget Skandia Omsesidigt Purchases New Position in Terex Corporation $TEX

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Terex Corporation (NYSE:TEX) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 18,800 shares of the industrial products company’s stock, valued at approximately $1,361,000.

A number of other large investors have also added to or reduced their stakes in TEX. GAMMA Investing LLC raised its holdings in shares of Terex by 7.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 161 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 189 shares in the last quarter. M&T Bank Corp increased its position in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 225 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Terex by 4.0% during the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 286 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Terex by 0.5% during the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock valued at $2,882,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Terex Trading Down 1.1%

Shares of TEX opened at $63.85 on Friday. The company’s fifty day simple moving average is $66.87 and its 200-day simple moving average is $63.90. The company has a market cap of $7.30 billion, a P/E ratio of 32.58, a P/E/G ratio of 0.98 and a beta of 1.51. The company has a current ratio of 1.82, a quick ratio of 0.93 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 quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the firm posted $1.49 EPS. The firm’s revenue was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, analysts expect that Terex Corporation will post 5 EPS for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be paid 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 currently 34.69%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore reissued an “outperform” rating and issued a $81.00 price objective on shares of Terex in a research note on Monday, May 11th. DA Davidson assumed coverage on Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target for the company. Morgan Stanley reissued an “overweight” rating and set a $86.00 price objective on shares of Terex in a research note on Monday, August 3rd. Truist Financial raised their price objective on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup lifted their target price on Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Two research 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.