Maverick Capital Ltd. Buys Shares of 16,845 Terex Corporation $TEX

Maverick Capital Ltd. bought a new position in Terex Corporation (NYSE:TEX) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 16,845 shares of the industrial products company’s stock, valued at approximately $996,000.

Other hedge funds have also bought and sold shares of the company. Capricorn Fund Managers Ltd purchased a new stake in shares of Terex in the fourth quarter worth $6,939,000. CenterBook Partners LP purchased a new position in shares of Terex during the 4th quarter valued at $934,000. Y Intercept Hong Kong Ltd bought a new position in Terex in the 1st quarter worth $6,439,000. M&T Bank Corp increased its stake in Terex by 814.9% in the 4th quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock worth $3,657,000 after buying an additional 61,014 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Terex by 147.8% during the fourth quarter. SG Americas Securities LLC now owns 40,032 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 23,875 shares during the period. Institutional investors own 92.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays boosted 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. DA Davidson began coverage on Terex in a research note on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price on the stock. Wall Street Zen cut shares of Terex from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised their target price on shares of Terex from $69.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.45.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $61.53, for a total transaction of $361,427.22. Following the transaction, the insider owned 48,706 shares in the company, valued at $2,996,880.18. The trade was a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Terex Trading Down 0.8%

TEX opened at $68.50 on Wednesday. The stock has a 50-day moving average of $64.96 and a 200 day moving average of $63.08. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Terex Corporation has a 12 month low of $41.70 and a 12 month high of $74.69. The firm has a market cap of $7.82 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.08 and a beta of 1.49.

Terex (NYSE:TEX) last issued its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, research analysts forecast that Terex Corporation will post 4.85 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 given a $0.17 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Terex’s dividend payout ratio (DPR) is currently 32.54%.

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.