Terex Co. (NYSE:TEX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in Terex Co. (NYSE:TEX - Free Report) by 70.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,544 shares of the industrial products company's stock after acquiring an additional 11,014 shares during the quarter. Teacher Retirement System of Texas' holdings in Terex were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Terex during the 4th quarter worth about $31,000. Smartleaf Asset Management LLC grew its stake in Terex by 46.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company's stock worth $32,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Terex in the third quarter worth $40,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Terex in the fourth quarter worth $51,000. Finally, Blue Trust Inc. lifted its holdings in shares of Terex by 26.8% during the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TEX. Barclays lowered their price target on Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Truist Financial dropped their target price on Terex from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Evercore ISI decreased their price target on Terex from $63.00 to $59.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. StockNews.com downgraded shares of Terex from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Finally, Citigroup reduced their target price on shares of Terex from $48.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Terex presently has an average rating of "Hold" and a consensus target price of $54.22.

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Insider Activity at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, for a total transaction of $48,972.00. Following the completion of the purchase, the director now directly owns 23,308 shares in the company, valued at $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.

Terex Stock Up 5.4 %

TEX traded up $2.04 during trading on Wednesday, hitting $40.11. The company had a trading volume of 1,417,362 shares, compared to its average volume of 873,881. Terex Co. has a 1-year low of $36.15 and a 1-year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The company has a market cap of $2.66 billion, a PE ratio of 8.09, a P/E/G ratio of 4.53 and a beta of 1.56. The business has a 50-day moving average of $42.88 and a 200-day moving average of $48.27.

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period last year, the firm posted $1.88 EPS. As a group, analysts forecast 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 was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio is currently 13.71%.

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.