Terex Corporation (TEX) to Issue Quarterly Dividend of $0.17 on June 22nd

Terex Corporation (NYSE:TEX) announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Monday, June 8th will be paid a dividend of 0.17 per share by the industrial products company on Monday, June 22nd. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, June 8th.

Terex has increased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Terex has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Terex to earn $5.84 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.6%.

Terex Trading Down 3.7%

Shares of TEX stock opened at $60.35 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $60.58 and a two-hundred day moving average price of $58.76. Terex has a 12-month low of $41.70 and a 12-month high of $71.50. The firm has a market cap of $6.89 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53.

Terex (NYSE:TEX) last released its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the company posted $0.83 EPS. Terex’s revenue for the quarter was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. Equities analysts anticipate that Terex will post 4.87 EPS for the current fiscal year.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the transaction, the insider directly owned 48,706 shares of the company’s stock, valued at approximately $2,996,880.18. This represents a 10.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Terex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEX. Smartleaf Asset Management LLC lifted its position in Terex by 565.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Terex by 167.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio bought a new position in Terex in the 1st quarter valued at approximately $30,000. Essential Partners LLC lifted its position in Terex by 171.2% in the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 356 shares in the last quarter. Finally, Optiver Holding B.V. lifted its position in Terex by 67.5% in the 1st quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 315 shares in the last quarter. 92.88% of the stock is owned by institutional investors.

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.