383,307 Shares in Terex Corporation $TEX Acquired by Moore Capital Management LP

Moore Capital Management LP bought a new stake in Terex Corporation (NYSE:TEX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 383,307 shares of the industrial products company’s stock, valued at approximately $27,748,000. Moore Capital Management LP owned approximately 0.34% of Terex at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TEX. EverSource Wealth Advisors LLC increased its holdings in shares of Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after buying an additional 369 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Terex during the 2nd quarter worth $29,000. Strs Ohio purchased a new position in Terex in the first quarter worth $30,000. Essential Partners LLC grew its position in Terex by 171.2% in the first quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 356 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Terex in the second quarter valued at $35,000. 92.88% of the stock is currently owned by institutional investors.

Terex Stock Performance

NYSE TEX opened at $63.85 on Monday. The company has a 50-day simple moving average of $66.87 and a two-hundred day simple moving average of $63.92. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 0.97 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.

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

Terex Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial raised their price target on Terex from $92.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Barclays increased their price objective on Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $86.00 target price on shares of Terex in a research note on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.