51,700 Shares in Terex Corporation $TEX Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Terex Corporation (NYSE:TEX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,700 shares of the industrial products company’s stock, valued at approximately $3,743,000.

A number of other large investors have also modified their holdings of the company. CenterBook Partners LP bought a new stake in Terex during the 4th quarter valued at $934,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Terex during the first quarter valued at $6,439,000. Hillsdale Investment Management Inc. bought a new stake in shares of Terex during the fourth quarter valued at about $5,055,000. Norges Bank acquired a new stake in Terex in the fourth quarter worth about $33,828,000. Finally, Fieldview Capital Management LLC bought a new position in Terex in the 4th quarter valued at about $1,898,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Down 1.5%

Shares of Terex stock opened at $62.00 on Thursday. The stock’s fifty day moving average is $65.48 and its 200-day moving average is $63.63. The firm has a market capitalization of $7.08 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. 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 12-month low of $41.70 and a 12-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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.Terex’s revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Equities analysts anticipate that Terex Corporation will post 5 earnings per share for the current year.

Terex Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on TEX shares. Weiss Ratings restated a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Citigroup raised their price objective on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Barclays boosted 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. Truist Financial increased 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. Finally, JPMorgan Chase & Co. lowered their price target on Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Terex 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.