Ieq Capital LLC Takes Position in Terex Corporation $TEX

Ieq Capital LLC acquired a new stake in Terex Corporation (NYSE:TEX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,659 shares of the industrial products company’s stock, valued at approximately $1,206,000.

A number of other hedge funds also recently added to or reduced their stakes in TEX. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Terex during the 2nd quarter valued at about $35,000. Essential Partners LLC lifted its position in shares of Terex by 171.2% in the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 356 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after buying an additional 369 shares during the period. Allworth Financial LP purchased a new position in Terex during the second quarter valued at approximately $51,000. Finally, Optiver Holding B.V. raised its stake in Terex by 67.5% in the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after buying an additional 315 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of Terex stock opened at $65.22 on Thursday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 33.28, a PEG ratio of 0.99 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $66.98 and a 200 day moving average price of $63.89. Terex Corporation has a 52 week low of $41.70 and a 52 week high of $74.69.

Terex (NYSE:TEX) last released its 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. 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 quarter in the previous year, the firm earned $1.49 EPS. Terex’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. Sell-side analysts expect that Terex Corporation will post 5 EPS for the current year.

Terex Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is 34.69%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays upped 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 began coverage on Terex in a research note on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Raymond James Financial raised Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a research report on Monday, May 11th. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 target price on shares of Terex in a research note on Monday, August 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $81.00 target price on shares of Terex in a report on Monday, May 11th. Two equities research 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, the stock has an average rating of “Moderate Buy” and an average price target 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.