Terex
About: Terex is a top manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks. Its current composition is a result of numerous acquisitions over several decades and a recent shift to focus on its two core segments after divesting a handful of underperforming businesses. Terex's remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management.
Employees: 10,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
19% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 126
5.66% more ownership
Funds ownership: 93.3% [Q1] → 98.96% (+5.66%) [Q2]
3% less funds holding
Funds holding: 382 [Q1] → 370 (-12) [Q2]
9% less capital invested
Capital invested by funds: $4.02B [Q1] → $3.65B (-$368M) [Q2]
23% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 53
49% less call options, than puts
Call options by funds: $10.3M | Put options by funds: $20.1M
50% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Truist Securities Jamie Cook 74% 1-year accuracy 31 / 42 met price target | 24%upside $65 | Buy Maintained | 4 Nov 2024 |
Baird Mircea Dobre 58% 1-year accuracy 7 / 12 met price target | 5%upside $55 | Neutral Maintained | 31 Oct 2024 |
JP Morgan Tami Zakaria 69% 1-year accuracy 20 / 29 met price target | 18%upside $62 | Neutral Maintained | 14 Oct 2024 |
Baird Mircea Dobre 58% 1-year accuracy 7 / 12 met price target | 24%upside $65 | Neutral Maintained | 9 Oct 2024 |
Truist Securities Jamie Cook 74% 1-year accuracy 31 / 42 met price target | 18%upside $62 | Buy Maintained | 9 Oct 2024 |
Financial journalist opinion
Based on 7 articles about TEX published over the past 30 days
