Glenmede Trust Co. NA Makes New $1.26 Million Investment in Terex Corporation $TEX

Glenmede Trust Co. NA acquired a new position in Terex Corporation (NYSE:TEX) in the 1st quarter, HoldingsChannel reports. The firm acquired 21,394 shares of the industrial products company’s stock, valued at approximately $1,264,000.

Other large investors also recently modified their holdings of the company. Segall Bryant & Hamill LLC boosted its position in shares of Terex by 576.7% during the first quarter. Segall Bryant & Hamill LLC now owns 802,573 shares of the industrial products company’s stock valued at $47,432,000 after buying an additional 683,964 shares during the last quarter. Essential Partners LLC raised its position in Terex by 171.2% in the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock valued at $33,000 after buying an additional 356 shares during the last quarter. McIlrath & Eck LLC bought a new position in Terex during the 1st quarter valued at $54,000. Bank of America Corp DE lifted its stake in Terex by 33.9% during the 1st quarter. Bank of America Corp DE now owns 467,017 shares of the industrial products company’s stock valued at $27,601,000 after acquiring an additional 118,120 shares in the last quarter. Finally, Systematic Alpha Investments LLC purchased a new position in Terex during the 1st quarter worth $377,000. Institutional investors own 92.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a report on Monday, May 11th. JPMorgan Chase & Co. cut 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. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 price objective on shares of Terex in a research note on Monday. Citigroup lifted their target price on shares of Terex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Evercore restated an “outperform” rating and issued a $81.00 target price on shares of Terex in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.91.

Terex Price Performance

TEX opened at $66.25 on Thursday. The firm has a market cap of $7.57 billion, a P/E ratio of 33.80, a PEG ratio of 1.02 and a beta of 1.51. The firm has a 50-day moving average of $65.71 and a 200 day moving average of $63.26. 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 Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $74.69.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. The business 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 company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, research analysts expect that Terex Corporation will post 4.93 EPS for the current year.

Terex Announces Dividend

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

Terex 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.