Arrowstreet Capital Limited Partnership Increases Stake in Terex Corporation $TEX

Arrowstreet Capital Limited Partnership lifted its position in Terex Corporation (NYSE:TEX) by 11,448.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,238,924 shares of the industrial products company’s stock after acquiring an additional 1,228,196 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Terex were worth $73,220,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC grew its position in Terex by 1,086.3% in the 1st quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Terex by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 2,841 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Terex by 3.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after purchasing an additional 40,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after purchasing an additional 1,597 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Terex by 47.4% during the first quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock valued at $1,719,000 after purchasing an additional 14,629 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TEX shares. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Friday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Evercore restated an “outperform” rating and issued a $81.00 target price on shares of Terex in a research note on Monday, May 11th. Finally, DA Davidson initiated coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.45.

Insider Activity at Terex

In other news, insider Joshua Gross sold 5,874 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Terex Price Performance

TEX opened at $69.73 on Monday. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 1.09 and a beta of 1.49. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $74.69. The business’s fifty day simple moving average is $64.48 and its 200-day simple moving average is $62.94.

Terex (NYSE:TEX) last released its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the company posted $0.83 earnings per share. 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 anticipate that Terex Corporation will post 4.85 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Terex’s payout ratio is currently 32.54%.

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.