Freestone Grove Partners LP Makes New $116.56 Million Investment in Terex Corporation $TEX

Posted by Brenda Bartman on Aug 27th, 2026

Freestone Grove Partners LP purchased a new position in Terex Corporation (NYSE:TEX – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,610,140 shares of the industrial products company’s stock, valued at approximately $116,558,000. Terex accounts for approximately 0.7% of Freestone Grove Partners LP’s portfolio, making the stock its 15th largest position.

Several other hedge funds also recently made changes to their positions in TEX. Ancora Advisors LLC purchased a new position in Terex during the 2nd quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Terex in the second quarter worth about $35,000. Essential Partners LLC boosted its position in shares of Terex by 171.2% in the first 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 during the period. EverSource Wealth Advisors LLC boosted its position 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 valued at $28,000 after acquiring an additional 369 shares during the period. Finally, Allworth Financial LP purchased a new position in Terex during the second quarter valued at approximately $51,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Performance

Shares of Terex stock opened at $65.22 on Thursday. Terex Corporation has a 1 year low of $41.70 and a 1 year high of $74.69. The firm has a market cap of $7.45 billion, a PE ratio of 33.28, a PEG ratio of 0.99 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The company has a 50 day simple moving average of $66.98 and a two-hundred day simple moving average of $63.89.

Terex (NYSE:TEX – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Analysts expect that Terex Corporation will post 5 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio is currently 34.69%.

Analyst Ratings Changes

A number of research firms recently weighed in on TEX. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Terex from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Barclays increased their price objective on Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Citigroup lifted their price objective on Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Evercore restated an “outperform” rating and set a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.91.

View Our Latest Stock Analysis on Terex

Terex Profile

(Free Report)

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.