Vise Technologies Inc. Buys New Shares in Terex Corporation $TEX

Vise Technologies Inc. bought a new position in shares of Terex Corporation (NYSE:TEX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,859 shares of the industrial products company’s stock, valued at approximately $858,000.

Several other hedge funds have also recently added to or reduced their stakes in TEX. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Terex during the 2nd quarter valued at $35,000. Essential Partners LLC grew its holdings in shares of Terex by 171.2% in the 1st quarter. Essential Partners LLC now owns 564 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 356 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 369 shares during the last quarter. Optiver Holding B.V. raised its position in shares of Terex by 67.5% during the first quarter. Optiver Holding B.V. now owns 782 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 315 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Terex during the first quarter worth $30,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Stock Performance

Shares of Terex stock opened at $66.33 on Monday. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.58 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The business has a fifty day simple moving average of $66.94 and a 200-day simple moving average of $63.84.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.24% and a net margin of 2.23%.Terex’s quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. On average, sell-side analysts anticipate that Terex Corporation will post 4.99 EPS for the current fiscal year.

Terex Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 price target on shares of Terex in a research report on Monday, August 3rd. Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Citigroup upped their price objective on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Two investment 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. Based on data from MarketBeat, Terex has a consensus rating of “Moderate Buy” and a consensus price target of $78.91.

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.