Lisanti Capital Growth LLC Makes New Investment in Terex Corporation $TEX

Lisanti Capital Growth LLC bought a new position in Terex Corporation (NYSE:TEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,015 shares of the industrial products company’s stock, valued at approximately $3,476,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TEX. EverSource Wealth Advisors LLC raised its position in shares of Terex by 167.0% in the 2nd 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 purchased a new stake in Terex during the 1st quarter valued at about $30,000. Essential Partners LLC increased its stake in Terex by 171.2% during the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Terex during the 2nd quarter valued at about $35,000. Finally, Optiver Holding B.V. raised its holdings in Terex by 67.5% in the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after buying an additional 315 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $81.00 target price on shares of Terex in a research note on Monday, May 11th. DA Davidson began coverage on shares of Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $86.00 price objective on shares of Terex in a report on Monday, August 3rd. Barclays upped their price objective on Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Friday, July 17th. Two investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.91.

Terex Trading Up 0.3%

Shares of NYSE:TEX opened at $64.63 on Thursday. The stock’s 50-day simple moving average is $66.86 and its two-hundred day simple moving average is $63.74. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 0.98 and a beta of 1.51. 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.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Analysts expect that Terex Corporation will post 4.97 EPS for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Terex’s dividend payout ratio is currently 34.69%.

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.