Terex Co. (NYSE:TEX) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in Terex Co. (NYSE:TEX) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 137,551 shares of the industrial products company’s stock after purchasing an additional 4,737 shares during the quarter. California Public Employees Retirement System’s holdings in Terex were worth $7,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of Terex by 3.9% in the third quarter. FMR LLC now owns 2,691,767 shares of the industrial products company’s stock valued at $155,100,000 after purchasing an additional 102,193 shares during the period. Greenhaven Associates Inc. increased its holdings in Terex by 101.5% during the 4th quarter. Greenhaven Associates Inc. now owns 1,456,700 shares of the industrial products company’s stock valued at $83,702,000 after acquiring an additional 733,690 shares in the last quarter. AQR Capital Management LLC increased its holdings in Terex by 9.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,137,753 shares of the industrial products company’s stock valued at $65,557,000 after acquiring an additional 96,834 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Terex by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 783,981 shares of the industrial products company’s stock valued at $45,173,000 after acquiring an additional 36,990 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Terex during the 3rd quarter valued at about $36,672,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TEX shares. UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and raised their target price for the company from $61.00 to $62.00 in a report on Tuesday, February 13th. JPMorgan Chase & Co. downgraded shares of Terex from an “overweight” rating to a “neutral” rating and set a $63.00 target price for the company. in a report on Monday, March 18th. The Goldman Sachs Group raised their target price on shares of Terex from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Citigroup lifted their price target on shares of Terex from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Evercore ISI lowered their price target on shares of Terex from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.17.

Terex Price Performance

Terex stock opened at $58.36 on Friday. Terex Co. has a 1 year low of $43.70 and a 1 year high of $65.89. The firm has a 50 day moving average price of $60.25 and a 200 day moving average price of $56.34. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.54 and a beta of 1.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 2.16.

Terex (NYSE:TEX) last released its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. Terex had a net margin of 9.87% and a return on equity of 30.53%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. Terex’s revenue was up .4% compared to the same quarter last year. Sell-side analysts predict that Terex Co. will post 7.1 earnings per share for the current year.

Terex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.17%. Terex’s payout ratio is 9.01%.

Insider Activity at Terex

In related news, CEO John L. Garrison, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total value of $3,214,000.00. Following the completion of the sale, the chief executive officer now directly owns 315,483 shares in the company, valued at $20,279,247.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Terex news, CEO John L. Garrison, Jr. sold 59,094 shares of Terex stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.07, for a total transaction of $3,549,776.58. Following the transaction, the chief executive officer now directly owns 380,834 shares of the company’s stock, valued at $22,876,698.38. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John L. Garrison, Jr. sold 50,000 shares of Terex stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $64.28, for a total transaction of $3,214,000.00. Following the transaction, the chief executive officer now directly owns 315,483 shares in the company, valued at $20,279,247.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,039 shares of company stock worth $8,078,574. 1.90% of the stock is owned by company insiders.

Terex Company Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.