Charles Schwab Investment Management Inc. Sells 26,236 Shares of Terex Co. (NYSE:TEX)

Charles Schwab Investment Management Inc. cut its position in shares of Terex Co. (NYSE:TEX - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 940,878 shares of the industrial products company's stock after selling 26,236 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.41% of Terex worth $49,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Terex by 57.5% during the second quarter. Blue Trust Inc. now owns 512 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 187 shares during the last quarter. GAMMA Investing LLC grew its position in Terex by 83.3% during the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company's stock valued at $39,000 after buying an additional 335 shares during the period. Farther Finance Advisors LLC raised its position in Terex by 74.6% in the third 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 period. International Assets Investment Management LLC bought a new position in shares of Terex during the 2nd quarter valued at approximately $109,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Terex during the 2nd quarter worth approximately $111,000. Hedge funds and other institutional investors own 92.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TEX shares. Robert W. Baird cut their price target on Terex from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Citigroup dropped their price target on shares of Terex from $60.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, September 23rd. The Goldman Sachs Group lowered their target price on shares of Terex from $72.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on Terex from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. Finally, Evercore ISI reduced their target price on Terex from $67.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Terex presently has a consensus rating of "Hold" and a consensus price target of $59.56.

Terex Price Performance

Shares of Terex stock traded up $0.52 on Friday, hitting $54.79. 333,683 shares of the company traded hands, compared to its average volume of 609,551. Terex Co. has a 12-month low of $48.11 and a 12-month high of $68.08. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.66 billion, a P/E ratio of 8.00, a P/E/G ratio of 4.42 and a beta of 1.53. The firm's 50-day simple moving average is $53.50 and its 200 day simple moving average is $55.20.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. Terex had a return on equity of 24.92% and a net margin of 9.08%. The company's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. Analysts expect that Terex Co. will post 6.07 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, November 8th. Terex's payout ratio is currently 9.93%.

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.