J. Goldman & Co LP Invests $9.08 Million in Terex Corporation $TEX

J. Goldman & Co LP purchased a new stake in Terex Corporation (NYSE:TEX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 125,375 shares of the industrial products company’s stock, valued at approximately $9,076,000. J. Goldman & Co LP owned approximately 0.11% of Terex as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TEX. Millennium Management LLC lifted its position in shares of Terex by 1,086.3% in the first quarter. Millennium Management LLC now owns 256,054 shares of the industrial products company’s stock valued at $9,674,000 after acquiring an additional 234,470 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Terex by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after buying an additional 2,841 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Terex by 3.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock valued at $41,263,000 after purchasing an additional 40,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Terex by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,210 shares of the industrial products company’s stock worth $7,375,000 after buying an additional 1,597 shares during the period. Finally, Intech Investment Management LLC boosted its position in Terex by 47.4% during the 1st quarter. Intech Investment Management LLC now owns 45,501 shares of the industrial products company’s stock worth $1,719,000 after purchasing an additional 14,629 shares during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TEX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terex in a research report on Friday, July 17th. Raymond James Financial upgraded Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $86.00 target price on shares of Terex in a report on Monday, August 3rd. Wall Street Zen raised Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, DA Davidson began coverage on Terex in a research report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.91.

Terex Trading Down 0.7%

NYSE:TEX opened at $65.41 on Wednesday. The stock has a fifty day simple moving average of $66.96 and a 200 day simple moving average of $63.87. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.54. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69.

Terex (NYSE:TEX) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. Terex had a net margin of 2.23% and a return on equity of 12.24%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $1.49 earnings per share. The firm’s revenue was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Sell-side analysts forecast that Terex Corporation will post 4.99 earnings per share for the current year.

Terex Dividend Announcement

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%.

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.