California State Teachers Retirement System lifted its holdings in Terex Co. (NYSE:TEX) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,915 shares of the industrial products company’s stock after acquiring an additional 2,027 shares during the quarter. California State Teachers Retirement System owned 0.15% of Terex worth $2,725,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Terex by 22.7% during the second quarter. BlackRock Inc. now owns 7,024,611 shares of the industrial products company’s stock worth $220,572,000 after buying an additional 1,301,760 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Terex by 7.7% during the second quarter. Pzena Investment Management LLC now owns 3,471,316 shares of the industrial products company’s stock worth $108,999,000 after buying an additional 248,600 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Terex by 21,369.5% during the second quarter. Nuveen Asset Management LLC now owns 2,886,579 shares of the industrial products company’s stock worth $90,638,000 after buying an additional 2,873,134 shares in the last quarter. Prudential PLC boosted its holdings in Terex by 0.5% during the second quarter. Prudential PLC now owns 2,558,400 shares of the industrial products company’s stock worth $80,334,000 after buying an additional 11,700 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Terex by 23.7% during the third quarter. Fisher Asset Management LLC now owns 2,506,796 shares of the industrial products company’s stock worth $65,101,000 after buying an additional 481,032 shares in the last quarter. Hedge funds and other institutional investors own 88.50% of the company’s stock.

A number of brokerages recently issued reports on TEX. Citigroup downgraded shares of Terex from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $27.00 to $24.00 in a report on Tuesday, October 15th. ValuEngine downgraded shares of Terex from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Cfra downgraded shares of Terex from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Bank of America lowered their price target on shares of Terex from $27.00 to $22.00 and set an “underperform” rating on the stock in a report on Wednesday, September 25th. Finally, Stifel Nicolaus downgraded shares of Terex from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $24.00 in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.21.

TEX opened at $29.87 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.21 and a debt-to-equity ratio of 1.46. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.46 and a beta of 1.76. Terex Co. has a 52-week low of $22.84 and a 52-week high of $38.57. The firm’s fifty day simple moving average is $28.78 and its two-hundred day simple moving average is $27.80.

Terex (NYSE:TEX) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.01). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Terex had a negative net margin of 0.07% and a positive return on equity of 29.17%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. On average, research analysts forecast that Terex Co. will post 3.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, November 7th. Terex’s payout ratio is 16.24%.

In other Terex news, insider Kevin A. Barr sold 9,112 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $28.55, for a total transaction of $260,147.60. Following the transaction, the insider now directly owns 99,129 shares of the company’s stock, valued at $2,830,132.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Matthew Fearon sold 26,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $28.24, for a total transaction of $734,240.00. Following the transaction, the insider now directly owns 92,702 shares in the company, valued at $2,617,904.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,222 shares of company stock worth $32,492 and have sold 45,112 shares worth $1,279,588. Company insiders own 4.00% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.

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Institutional Ownership by Quarter for Terex (NYSE:TEX)

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