California Public Employees Retirement System Sells 8,506 Shares of Terex Co. (NYSE:TEX)

California Public Employees Retirement System lowered its stake in Terex Co. (NYSE:TEX - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,645 shares of the industrial products company's stock after selling 8,506 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Terex worth $5,206,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its position in Terex by 107.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 8,509 shares of the industrial products company's stock worth $393,000 after buying an additional 4,400 shares during the period. Norges Bank acquired a new position in shares of Terex during the 4th quarter valued at $35,001,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in Terex during the 4th quarter worth $784,000. NEOS Investment Management LLC raised its position in Terex by 22.9% in the fourth quarter. NEOS Investment Management LLC now owns 61,544 shares of the industrial products company's stock valued at $2,845,000 after purchasing an additional 11,461 shares during the period. Finally, Florida Financial Advisors LLC acquired a new position in shares of Terex during the fourth quarter worth about $219,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Wall Street Analyst Weigh In

TEX has been the subject of a number of analyst reports. Citigroup decreased their price target on Terex from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded Terex from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Barclays lowered their target price on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of Terex from $51.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Finally, Evercore ISI cut their target price on shares of Terex from $63.00 to $59.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.44.

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Insider Transactions at Terex

In related news, Director Andra Rush bought 1,325 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $36.96 per share, for a total transaction of $48,972.00. Following the acquisition, the director now owns 23,308 shares of the company's stock, valued at approximately $861,463.68. This represents a 6.03 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Terex Stock Performance

NYSE:TEX traded up $0.41 during mid-day trading on Monday, hitting $35.37. 35,111 shares of the company's stock traded hands, compared to its average volume of 1,031,423. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 4.53 and a beta of 1.40. Terex Co. has a 12 month low of $31.53 and a 12 month high of $68.08. The firm has a 50 day moving average of $40.44 and a two-hundred day moving average of $47.08. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $1.88 earnings per share. On average, equities analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, March 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, March 7th. Terex's dividend payout ratio (DPR) is 13.71%.

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.