Royal Bank of Canada increased its position in shares of Terex Corporation (NYSE:TEX – Free Report) by 19.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 173,726 shares of the industrial products company’s stock after buying an additional 27,801 shares during the quarter. Royal Bank of Canada’s holdings in Terex were worth $10,267,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Terex by 164.0% during the 1st quarter. Empowered Funds LLC now owns 5,324 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 3,307 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Terex by 69.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 105,270 shares of the industrial products company’s stock worth $6,221,000 after buying an additional 43,120 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Terex in the first quarter valued at $996,000. Quantinno Capital Management LP lifted its holdings in shares of Terex by 32.2% in the first quarter. Quantinno Capital Management LP now owns 26,612 shares of the industrial products company’s stock valued at $1,573,000 after buying an additional 6,477 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Terex by 533.4% during the first quarter. Lazard Asset Management LLC now owns 79,279 shares of the industrial products company’s stock valued at $4,685,000 after buying an additional 66,763 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.
Terex Trading Up 0.1%
Terex stock opened at $67.77 on Monday. 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 0.54, a quick ratio of 0.93 and a current ratio of 1.82. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 1.04 and a beta of 1.51. The company has a 50 day moving average price of $66.03 and a 200 day moving average price of $63.35.
Terex Announces Dividend
The firm 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s payout ratio is presently 34.69%.
Terex News Summary
Here are the key news stories impacting Terex this week:
- Positive Sentiment: KeyCorp raised its earnings forecasts: The firm increased its Q3 2026 EPS estimate to $1.37 from $1.33 and lifted its FY2026 forecast to $4.95 from $4.84, matching the current consensus estimate.
- Positive Sentiment: Higher long-term profit expectations: KeyCorp boosted its FY2027 EPS estimate to $5.80 from $5.33 and its FY2028 estimate to $6.70 from $6.32. The upgrades suggest improving confidence in Terex’s earnings growth beyond the current year.
- Positive Sentiment: Buy rating retained: Barclays continued to rate Terex “Buy,” reinforcing the constructive analyst sentiment surrounding the stock. Barclays Sticks to Their Buy Rating for Terex
- Neutral Sentiment: Additional quarterly estimates issued: KeyCorp projected 2027 EPS of $1.16, $1.52, $1.66 and $1.45 for the first through fourth quarters, respectively, along with 2028 first- and second-quarter EPS of $1.36 and $1.75. These figures provide a more detailed earnings outlook but were not identified as additional forecast increases.
- Neutral Sentiment: Valuation remains a consideration: Terex recently traded at $67.77, above its 50-day and 200-day moving averages and near its 52-week high. With a P/E ratio of approximately 34.6, further gains may depend on the company delivering the analysts’ projected earnings growth.
Wall Street Analyst Weigh In
Several equities research analysts have commented on TEX shares. DA Davidson started coverage on shares of Terex in a research report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price target on the stock. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Citigroup lifted their price objective on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Zacks Research upgraded shares of Terex from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Truist Financial boosted their target price on shares of Terex from $92.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.91.
Check Out Our Latest Research Report on Terex
Terex Company 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.
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