Capricorn Fund Managers Ltd Has $2.60 Million Stock Position in Terex Corporation $TEX

Capricorn Fund Managers Ltd lowered its holdings in shares of Terex Corporation (NYSE:TEX) by 66.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 43,910 shares of the industrial products company’s stock after selling 86,090 shares during the period. Capricorn Fund Managers Ltd’s holdings in Terex were worth $2,595,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TEX. EverSource Wealth Advisors LLC grew its stake in shares of Terex by 167.0% in the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares during the last quarter. Strs Ohio bought a new stake in shares of Terex in the 1st quarter valued at about $30,000. Capital Advisors Ltd. LLC increased its stake in shares of Terex by 856.2% in the first quarter. Capital Advisors Ltd. LLC now owns 851 shares of the industrial products company’s stock valued at $50,000 after buying an additional 762 shares during the period. UMB Bank n.a. raised its position in shares of Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 189 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Terex during the fourth quarter worth about $88,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Activity

In other news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $61.53, for a total value of $361,427.22. Following the completion of the sale, the insider directly owned 48,706 shares in the company, valued at $2,996,880.18. This trade represents a 10.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by company insiders.

Terex News Roundup

Here are the key news stories impacting Terex this week:

• Positive Sentiment: At Terex’s annual meeting, stockholders elected 12 directors and backed the company’s leadership, compensation, and incentive plan, which signals continued governance support and management alignment. Terex Shareholders Back Leadership, Pay and Incentive Plan
• Neutral Sentiment: Zacks Research reiterated a Hold view and nudged its earnings estimates slightly lower for Terex, including FY2026 EPS to $4.81 from $4.83, FY2027 EPS to $5.80 from $5.82, FY2028 EPS to $6.27 from $6.29, and small reductions for near-term quarters. 3 Construction & Mining Equipment Stocks Braving Industry Headwinds
• Negative Sentiment: Broader commentary on construction and mining equipment stocks highlighted industry headwinds, and a separate note described Zacks Research as taking a pessimistic view of Terex Q2 earnings, adding to investor caution. Zacks Research Has Pessimistic View of Terex Q2 Earnings

Terex Price Performance

Shares of TEX opened at $72.40 on Wednesday. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.84. The business’s 50 day moving average price is $62.97 and its two-hundred day moving average price is $61.31. The firm has a market cap of $8.27 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.15 and a beta of 1.53.

Terex (NYSE:TEX) last announced its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. Terex had a net margin of 1.87% and a return on equity of 13.43%. The company’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. On average, equities analysts anticipate that Terex Corporation will post 4.84 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, June 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Terex’s dividend payout ratio is currently 32.54%.

Analyst Ratings Changes

TEX has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 target price on shares of Terex in a report on Wednesday, May 6th. Citigroup upgraded shares of Terex from a “neutral” rating to a “buy” rating and raised their price target for the stock from $73.00 to $75.00 in a report on Monday, March 9th. Evercore restated an “outperform” rating and issued a $81.00 price target on shares of Terex in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research note on Monday, April 20th. Finally, DA Davidson assumed coverage on shares of Terex in a research note on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price for the company. Two research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.82.

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.