AXQ Capital LP Acquires New Holdings in Terex Corporation $TEX

AXQ Capital LP acquired a new stake in shares of Terex Corporation (NYSE:TEX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 12,432 shares of the industrial products company’s stock, valued at approximately $664,000.

Other large investors have also added to or reduced their stakes in the company. Capricorn Fund Managers Ltd purchased a new position in shares of Terex in the 4th quarter worth approximately $6,939,000. Lodge Hill Capital LLC lifted its position in Terex by 53.7% during the third quarter. Lodge Hill Capital LLC now owns 529,450 shares of the industrial products company’s stock valued at $27,161,000 after acquiring an additional 185,000 shares during the last quarter. Citigroup Inc. lifted its position in Terex by 253.8% during the third quarter. Citigroup Inc. now owns 259,094 shares of the industrial products company’s stock valued at $13,292,000 after acquiring an additional 185,863 shares during the last quarter. SG Americas Securities LLC boosted its stake in Terex by 147.8% in the fourth quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 23,875 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Terex by 1.8% in the third quarter. Victory Capital Management Inc. now owns 1,076,696 shares of the industrial products company’s stock valued at $55,235,000 after acquiring an additional 19,250 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Insider Activity at Terex

In related news, insider Joshua Gross sold 5,874 shares of Terex stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the sale, the insider owned 48,706 shares of the company’s stock, valued at $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Terex Price Performance

Shares of TEX opened at $62.72 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 0.88. The company’s fifty day moving average price is $60.55 and its 200-day moving average price is $58.63. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $71.50. The firm has a market capitalization of $7.16 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 0.96 and a beta of 1.53.

Terex (NYSE:TEX) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, equities research analysts predict that Terex Corporation will post 4.87 EPS for the current year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, June 8th. Terex’s dividend payout ratio (DPR) is presently 32.54%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Terex from $56.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Zacks Research raised Terex from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. dropped their target price on Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Truist Financial upped their target price on Terex from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price target on shares of Terex in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Terex currently has an average rating of “Moderate Buy” and an average target price of $75.30.

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.