State of New Jersey Common Pension Fund D Buys 5,633 Shares of Terex Co. (NYSE:TEX)

State of New Jersey Common Pension Fund D lifted its position in Terex Co. (NYSE:TEX) by 16.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,840 shares of the industrial products company’s stock after purchasing an additional 5,633 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Terex worth $1,888,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Terex in the third quarter valued at about $40,000. Truvestments Capital LLC bought a new position in shares of Terex in the third quarter valued at approximately $41,000. Blue Trust Inc. boosted its holdings in shares of Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 457 shares in the last quarter. Farther Finance Advisors LLC grew its position in Terex by 74.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 504 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Terex by 19.9% during the 3rd quarter. Covestor Ltd now owns 2,237 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Terex Price Performance

TEX opened at $41.99 on Tuesday. The company has a fifty day moving average price of $46.14 and a two-hundred day moving average price of $50.81. The firm has a market capitalization of $2.79 billion, a PE ratio of 8.47, a P/E/G ratio of 4.53 and a beta of 1.54. Terex Co. has a 52 week low of $41.87 and a 52 week high of $68.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 2.16.

Terex (NYSE:TEX) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping 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 in the previous year, the firm earned $1.88 earnings per share. As a group, analysts anticipate that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.62%. Terex’s dividend payout ratio is 13.71%.

Analysts Set New Price Targets

A number of equities analysts have commented on TEX shares. Evercore ISI reduced their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Citigroup decreased their price objective on shares of Terex from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. StockNews.com downgraded shares of Terex from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays lowered their price target on shares of Terex from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.11.

Insider Buying and Selling

In other Terex news, Director David A. Sachs acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $51.30 per share, with a total value of $513,000.00. Following the purchase, the director now owns 107,500 shares of the company’s stock, valued at $5,514,750. This represents a 10.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Simon Meester sold 9,877 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

About Terex

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.