Public Employees Retirement Association of Colorado lowered its stake in shares of Terex Corporation (NYSE:TEX) by 7.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,400 shares of the industrial products company’s stock after selling 1,629 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Terex Corporation were worth $918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capstone Asset Management Co. raised its stake in shares of Terex Corporation by 1.5% during the 2nd quarter. Capstone Asset Management Co. now owns 14,468 shares of the industrial products company’s stock valued at $543,000 after buying an additional 220 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Terex Corporation by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,825 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 262 shares during the period. Mirador Capital Partners LP grew its position in shares of Terex Corporation by 4.5% during the 2nd quarter. Mirador Capital Partners LP now owns 9,118 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 394 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Terex Corporation by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 156,347 shares of the industrial products company’s stock valued at $5,863,000 after acquiring an additional 492 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in shares of Terex Corporation by 6.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 8,400 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 89.20% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Public Employees Retirement Association of Colorado Sells 1,629 Shares of Terex Corporation (TEX)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/public-employees-retirement-association-of-colorado-sells-1629-shares-of-terex-corporation-tex/1699839.html.

In other news, VP Eric I. Cohen sold 8,892 shares of Terex Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $39.50, for a total transaction of $351,234.00. Following the sale, the vice president now owns 196,280 shares of the company’s stock, valued at approximately $7,753,060. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Eric I. Cohen sold 10,000 shares of Terex Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the sale, the vice president now directly owns 195,980 shares in the company, valued at approximately $8,819,100. The disclosure for this sale can be found here. Over the last three months, insiders acquired 4,204 shares of company stock worth $165,715 and sold 64,723 shares worth $2,665,476. Company insiders own 2.50% of the company’s stock.

Terex Corporation (NYSE:TEX) opened at $44.55 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. Terex Corporation has a 12 month low of $27.35 and a 12 month high of $48.86. The firm has a market cap of $3,746.66, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 3.08 and a beta of 1.89.

Terex Corporation (NYSE:TEX) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. Terex Corporation had a negative net margin of 2.62% and a positive return on equity of 7.01%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $0.19 EPS. The business’s revenue was up 5.2% on a year-over-year basis. sell-side analysts predict that Terex Corporation will post 1.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 9th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, November 8th. Terex Corporation’s dividend payout ratio (DPR) is -37.21%.

Terex Corporation announced that its board has approved a stock buyback plan on Wednesday, September 6th that permits the company to buyback $225.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

A number of research firms have recently commented on TEX. Bank of America Corporation dropped their target price on Terex Corporation from $42.00 to $40.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of Terex Corporation in a research report on Wednesday, November 1st. Wells Fargo & Company set a $52.00 target price on Terex Corporation and gave the company a “buy” rating in a research report on Monday, October 16th. Citigroup Inc. raised their target price on Terex Corporation from $39.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Finally, Zacks Investment Research upgraded Terex Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Wednesday, October 11th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Terex Corporation presently has a consensus rating of “Hold” and an average price target of $41.93.

Terex Corporation Profile

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.

Want to see what other hedge funds are holding TEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terex Corporation (NYSE:TEX).

Institutional Ownership by Quarter for Terex Corporation (NYSE:TEX)

Receive News & Ratings for Terex Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terex Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.