TerexTEX
Market Cap: $3.33B
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
5.62% more ownership
Funds ownership: 92.24% [Q1] → 97.87% (+5.62%) [Q2]
3% less funds holding
Funds holding: 382 [Q1] → 369 (-13) [Q2]
9% less capital invested
Capital invested by funds: $3.97B [Q1] → $3.61B (-$363M) [Q2]
25% less first-time investments, than exits
New positions opened: 40 | 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
Evercore ISI Group David Raso 31% 1-year accuracy 4 / 13 met price target | 18%upside $59 | Outperform Maintained | 19 Aug 2024 |
Goldman Sachs Jerry Revich 50% 1-year accuracy 16 / 32 met price target | 45%upside $72 | Neutral Maintained | 1 Aug 2024 |
Truist Securities Jamie Cook 62% 1-year accuracy 29 / 47 met price target | 49%upside $74 | Buy Maintained | 1 Aug 2024 |
JP Morgan Tami Zakaria 42% 1-year accuracy 13 / 31 met price target | 31%upside $65 | Neutral Maintained | 23 Jul 2024 |
Baird Mircea Dobre 31% 1-year accuracy 4 / 13 met price target | 35%upside $67 | Neutral Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 4 articles about TEX published over the past 30 days