Jupiter Topco LLC Buys New Stake in Terex Corporation $TEX

Jupiter Topco LLC purchased a new stake in Terex Corporation (NYSE:TEX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,651 shares of the industrial products company’s stock, valued at approximately $3,668,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Terex by 7.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 161 shares during the last quarter. UMB Bank n.a. lifted its stake in Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 189 shares during the last quarter. M&T Bank Corp boosted its holdings in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 225 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Terex by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 286 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Terex by 0.5% in the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company’s stock valued at $2,882,000 after purchasing an additional 287 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Terex Price Performance

Shares of NYSE TEX opened at $59.19 on Wednesday. The stock has a market cap of $6.76 billion, a P/E ratio of 30.20, a P/E/G ratio of 0.96 and a beta of 1.50. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $74.69. The stock has a 50 day moving average of $66.59 and a two-hundred day moving average of $63.88. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54.

Terex (NYSE:TEX) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last 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 forecast that Terex Corporation will post 5 earnings per share for the current year.

Terex Dividend Announcement

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

Analysts Set New Price Targets

TEX has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Terex from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Evercore reaffirmed an “outperform” rating and issued a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Barclays lifted their price target on shares of Terex from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Citigroup boosted their price target on shares of Terex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, DA Davidson started coverage on shares of Terex in a research note on Wednesday, June 24th. They issued a “strong-buy” rating and a $81.00 price objective for the company. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.91.

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.