New York State Common Retirement Fund Has $1.98 Million Stake in Terex Co. (NYSE:TEX)

New York State Common Retirement Fund lessened its stake in Terex Co. (NYSE:TEX) by 36.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,466 shares of the industrial products company’s stock after selling 19,961 shares during the period. New York State Common Retirement Fund owned about 0.05% of Terex worth $1,980,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Terex by 12.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,670 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 851 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Terex during the third quarter worth $602,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Terex by 16.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,843 shares of the industrial products company’s stock valued at $913,000 after buying an additional 2,266 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Terex by 7.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 386,230 shares of the industrial products company’s stock valued at $22,255,000 after acquiring an additional 27,002 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Terex by 258.6% during the 3rd quarter. Assetmark Inc. now owns 5,106 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 3,682 shares during the period. Institutional investors own 92.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America reissued an “underperform” rating and issued a $57.00 price objective on shares of Terex in a research note on Friday, January 19th. UBS Group downgraded shares of Terex from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $61.00 to $62.00 in a research report on Tuesday, February 13th. Citigroup raised their price target on shares of Terex from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. downgraded Terex from an “overweight” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Monday, March 18th. Finally, Evercore ISI cut their target price on Terex from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.17.

Insider Activity

In other Terex news, insider Kieran Hegarty sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the transaction, the insider now directly owns 198,619 shares in the company, valued at approximately $11,281,559.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Kieran Hegarty sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $56.80, for a total value of $1,022,400.00. Following the completion of the transaction, the insider now directly owns 198,619 shares in the company, valued at approximately $11,281,559.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joshua Gross sold 4,945 shares of Terex stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $59.13, for a total transaction of $292,397.85. Following the transaction, the insider now directly owns 21,457 shares in the company, valued at $1,268,752.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,229 shares of company stock worth $9,080,064. 1.90% of the stock is owned by corporate insiders.

Terex Stock Performance

NYSE TEX opened at $59.45 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 2.16. The company has a market capitalization of $4.00 billion, a PE ratio of 7.87 and a beta of 1.66. Terex Co. has a 52-week low of $43.70 and a 52-week high of $65.89. The company has a 50-day simple moving average of $60.61 and a 200 day simple moving average of $56.63.

Terex (NYSE:TEX) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Terex had a net margin of 9.87% and a return on equity of 30.53%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. On average, research analysts predict that Terex Co. will post 7.1 EPS for the current year.

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.