New York State Teachers Retirement System Buys 320 Shares of Terex Co. (NYSE:TEX)

New York State Teachers Retirement System lifted its stake in shares of Terex Co. (NYSE:TEX) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,035 shares of the industrial products company’s stock after acquiring an additional 320 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Terex worth $3,838,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TEX. Creative Planning increased its position in shares of Terex by 15.4% in the third quarter. Creative Planning now owns 19,998 shares of the industrial products company’s stock valued at $1,058,000 after acquiring an additional 2,664 shares during the period. Blue Trust Inc. increased its position in shares of Terex by 89.3% during the third quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after buying an additional 457 shares during the period. Greenleaf Trust increased its stake in shares of Terex by 7.3% during the third quarter. Greenleaf Trust now owns 4,203 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 286 shares in the last quarter. International Assets Investment Management LLC raised its stake in Terex by 105.0% during the third quarter. International Assets Investment Management LLC now owns 4,074 shares of the industrial products company’s stock valued at $216,000 after buying an additional 2,087 shares during the last quarter. Finally, E. Ohman J or Asset Management AB raised its stake in Terex by 11.5% during the third quarter. E. Ohman J or Asset Management AB now owns 34,448 shares of the industrial products company’s stock valued at $1,823,000 after buying an additional 3,551 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Terex Stock Performance

Shares of TEX opened at $45.57 on Friday. Terex Co. has a 12 month low of $43.23 and a 12 month high of $68.08. The stock has a fifty day moving average price of $46.39 and a 200-day moving average price of $51.02. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm has a market cap of $3.03 billion, a PE ratio of 9.19, a P/E/G ratio of 4.73 and a beta of 1.54.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same quarter last year, the company posted $1.88 earnings per share. Equities research analysts predict that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, March 7th. Terex’s payout ratio is 13.71%.

Insider Buying and Selling

In other news, Director David A. Sachs bought 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now directly owns 137,500 shares in the company, valued at $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the sale, the chief executive officer now directly owns 127,858 shares in the company, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TEX. JPMorgan Chase & Co. decreased their price target on Terex from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial cut their price objective on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Citigroup cut their price target on Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, Evercore ISI dropped their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.11.

Terex 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.