Terex Corporation (TEX) reported second-quarter 2026 net sales of $2.2 billion, up 50.5% on a reported basis from a year earlier. Net income was $110 million, or $0.96 per diluted share, compared with $72 million, or $1.09 per diluted share, in the second quarter of 2025.
The company said pro forma sales rose 8.5%, bookings increased 25.2% year over year on a pro forma basis, and backlog was $6.9 billion. Terex raised its 2026 outlook to sales of $7.9 billion to $8.2 billion and adjusted EBITDA of $960 million to $1.0 billion.
- Second-quarter adjusted net income was $156 million, or $1.37 per share.
- Adjusted EBITDA was $269 million, representing a 12.0% margin.
- Bookings totaled $2.0 billion, with a book-to-bill ratio of 90%.
- Liquidity was $1.1 billion as of June 30, 2026.
- Terex returned $20 million to shareholders through dividends during the quarter.
$TEX Insider Trading Activity
$TEX insiders have traded $TEX stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $TEX stock by insiders over the last 6 months:
- MICHAEL EDWARD VIRNIG (President, Specialty Vehicles) sold 16,330 shares for an estimated $1,099,825
- KIERAN HEGARTY (President, Materials Processin) sold 11,980 shares for an estimated $829,495
- JOSHUA GROSS (President - Aerials) sold 5,874 shares for an estimated $361,427
- STEPHEN JOHNSTON (Former VP CAO and Controller) has made 0 purchases and 3 sales selling 2,081 shares for an estimated $142,945.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$TEX Hedge Fund Activity
We have seen 298 institutional investors add shares of $TEX stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 8,042,953 shares (+89.3%) to their portfolio in Q1 2026, for an estimated $475,338,522
- BLACKROCK, INC. added 5,632,024 shares (+67.0%) to their portfolio in Q1 2026, for an estimated $332,852,618
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,774,448 shares (+inf%) to their portfolio in Q1 2026, for an estimated $104,869,876
- STATE STREET CORP added 1,720,646 shares (+71.8%) to their portfolio in Q1 2026, for an estimated $101,690,178
- FULLER & THALER ASSET MANAGEMENT, INC. removed 1,400,798 shares (-48.5%) from their portfolio in Q1 2026, for an estimated $82,787,161
- GEODE CAPITAL MANAGEMENT, LLC added 1,247,973 shares (+77.2%) to their portfolio in Q1 2026, for an estimated $73,755,204
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,228,196 shares (+11448.5%) to their portfolio in Q1 2026, for an estimated $72,586,383
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
