Terex Corporation $TEX Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of Terex Corporation (NYSE:TEX) by 71.1% during the first quarter, Holdings Channel reports. The institutional investor owned 50,651 shares of the industrial products company’s stock after acquiring an additional 21,051 shares during the period. Janus Henderson Group PLC’s holdings in Terex were worth $2,995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CenterBook Partners LP purchased a new stake in shares of Terex during the 4th quarter worth approximately $934,000. Y Intercept Hong Kong Ltd purchased a new position in Terex in the 1st quarter valued at approximately $6,439,000. M&T Bank Corp raised its holdings in Terex by 814.9% during the fourth quarter. M&T Bank Corp now owns 68,501 shares of the industrial products company’s stock worth $3,657,000 after purchasing an additional 61,014 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Terex during the fourth quarter worth $5,055,000. Finally, Norges Bank purchased a new stake in Terex during the fourth quarter worth $33,828,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

More Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: KeyCorp raised its earnings forecasts: The firm increased its Q3 2026 EPS estimate to $1.37 from $1.33 and lifted its FY2026 forecast to $4.95 from $4.84, matching the current consensus estimate.
• Positive Sentiment: Higher long-term profit expectations: KeyCorp boosted its FY2027 EPS estimate to $5.80 from $5.33 and its FY2028 estimate to $6.70 from $6.32. The upgrades suggest improving confidence in Terex’s earnings growth beyond the current year.
• Positive Sentiment: Buy rating retained: Barclays continued to rate Terex “Buy,” reinforcing the constructive analyst sentiment surrounding the stock. Barclays Sticks to Their Buy Rating for Terex
• Neutral Sentiment: Additional quarterly estimates issued: KeyCorp projected 2027 EPS of $1.16, $1.52, $1.66 and $1.45 for the first through fourth quarters, respectively, along with 2028 first- and second-quarter EPS of $1.36 and $1.75. These figures provide a more detailed earnings outlook but were not identified as additional forecast increases.
• Neutral Sentiment: Valuation remains a consideration: Terex recently traded at $67.77, above its 50-day and 200-day moving averages and near its 52-week high. With a P/E ratio of approximately 34.6, further gains may depend on the company delivering the analysts’ projected earnings growth.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays raised their price target on Terex from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 price objective on shares of Terex in a research report on Monday, August 3rd. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They set a “strong-buy” rating and a $81.00 target price for the company. Evercore restated an “outperform” rating and set a $81.00 target price on shares of Terex in a research report on Monday, May 11th. Finally, Truist Financial upped their price target on shares of Terex from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Terex has an average rating of “Moderate Buy” and an average target price of $78.91.

Terex Trading Up 3.7%

Shares of TEX opened at $67.77 on Friday. Terex Corporation has a fifty-two week low of $41.70 and a fifty-two week high of $74.69. The company has a market capitalization of $7.74 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. The stock has a fifty day moving average of $66.03 and a two-hundred day moving average of $63.33. 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 (NYSE:TEX) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The business’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, analysts forecast that Terex Corporation will post 4.96 EPS for the current year.

Terex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 11th. Terex’s dividend payout ratio is presently 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.