Terex Co. (NYSE:TEX) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Terex Co. (NYSE:TEX) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,125 shares of the industrial products company’s stock after purchasing an additional 5,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.27% of Terex worth $10,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. TIAA CREF Investment Management LLC grew its position in Terex by 51.0% during the second quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company’s stock valued at $135,913,000 after acquiring an additional 1,224,422 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Terex by 6.6% in the second quarter. Alliancebernstein L.P. now owns 3,298,490 shares of the industrial products company’s stock worth $123,693,000 after purchasing an additional 202,899 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Terex by 1,197.3% in the second quarter. JPMorgan Chase & Co. now owns 1,759,927 shares of the industrial products company’s stock worth $65,999,000 after purchasing an additional 1,624,263 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Terex by 14.9% in the second quarter. Teachers Advisors LLC now owns 1,561,990 shares of the industrial products company’s stock worth $58,575,000 after purchasing an additional 202,057 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Terex by 123.1% in the second quarter. Jennison Associates LLC now owns 1,071,708 shares of the industrial products company’s stock worth $40,189,000 after purchasing an additional 591,334 shares during the last quarter. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

Terex Co. (NYSE TEX) traded up $0.58 during trading on Friday, hitting $48.80. The company’s stock had a trading volume of 883,513 shares, compared to its average volume of 1,060,000. The company has a market cap of $4,100.00, a P/E ratio of -25.42, a P/E/G ratio of 1.87 and a beta of 1.89. The company has a current ratio of 2.42, a quick ratio of 1.53 and a debt-to-equity ratio of 0.71. Terex Co. has a 1-year low of $28.67 and a 1-year high of $48.92.

Terex (NYSE:TEX) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.03 billion. Terex had a positive return on equity of 7.01% and a negative net margin of 2.62%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. equities research analysts forecast that Terex Co. will post 1.29 EPS for the current fiscal year.

In related news, VP Mark I. Clair sold 3,014 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $45.53, for a total value of $137,227.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have purchased 964 shares of company stock valued at $44,623. 2.50% of the stock is currently owned by corporate insiders.

Several research analysts have recently issued reports on TEX shares. Citigroup raised their target price on shares of Terex from $39.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Terex from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, October 11th. UBS Group set a $52.00 price target on shares of Terex and gave the company a “buy” rating in a report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Terex in a research report on Wednesday, November 1st. Finally, Bank of America lowered their price objective on Terex from $42.00 to $40.00 and set an “underperform” rating for the company in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.71.

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About Terex

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Institutional Ownership by Quarter for Terex (NYSE:TEX)

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