Teacher Retirement System of Texas increased its stake in Terex Corporation (NYSE:TEX) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 615,370 shares of the industrial products company’s stock after buying an additional 158 shares during the period. Teacher Retirement System of Texas’ holdings in Terex Corporation were worth $23,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Planning Corp bought a new position in Terex Corporation during the second quarter valued at $209,000. Schwab Charles Investment Management Inc. raised its position in Terex Corporation by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 357,773 shares of the industrial products company’s stock valued at $13,417,000 after buying an additional 11,048 shares during the period. Canada Pension Plan Investment Board raised its position in Terex Corporation by 7.6% in the second quarter. Canada Pension Plan Investment Board now owns 103,600 shares of the industrial products company’s stock valued at $3,885,000 after buying an additional 7,300 shares during the period. Sei Investments Co. raised its position in Terex Corporation by 19.5% in the second quarter. Sei Investments Co. now owns 3,800 shares of the industrial products company’s stock valued at $142,000 after buying an additional 619 shares during the period. Finally, Lebenthal Lisanti Capital Growth LLC raised its position in Terex Corporation by 343.7% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 75,914 shares of the industrial products company’s stock valued at $2,847,000 after buying an additional 58,804 shares during the period. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Terex Corporation (NYSE TEX) opened at 38.08 on Friday. Terex Corporation has a 1-year low of $21.88 and a 1-year high of $40.24. The company’s market capitalization is $3.40 billion. The company has a 50-day moving average price of $38.00 and a 200 day moving average price of $33.92.

Terex Corporation (NYSE:TEX) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities research analysts anticipate that Terex Corporation will post $1.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Wednesday, August 9th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, August 7th. Terex Corporation’s dividend payout ratio is currently -50.79%.

Terex Corporation declared that its Board of Directors has authorized a stock buyback plan on Tuesday, May 30th that authorizes the company to repurchase $280.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 8.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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Several research firms have weighed in on TEX. UBS AG reaffirmed a “buy” rating and set a $44.00 price target (up previously from $40.00) on shares of Terex Corporation in a research report on Tuesday. Deutsche Bank AG set a $44.00 price target on Terex Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. TheStreet raised Terex Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. BMO Capital Markets reissued a “hold” rating and set a $35.00 target price on shares of Terex Corporation in a report on Thursday, July 20th. Finally, Zacks Investment Research raised Terex Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, July 13th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.63.

In other Terex Corporation news, insider Kevin A. Barr sold 15,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.92, for a total value of $583,800.00. Following the completion of the sale, the insider now directly owns 143,304 shares of the company’s stock, valued at $5,577,391.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin A. Barr sold 11,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $38.63, for a total value of $424,930.00. Following the completion of the sale, the insider now directly owns 127,653 shares of the company’s stock, valued at $4,931,235.39. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,224 shares of company stock valued at $44,403 and sold 97,508 shares valued at $3,510,771. Company insiders own 2.50% of the company’s stock.

About Terex Corporation

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.

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

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