Oregon Public Employees Retirement Fund cut its stake in Terex Corporation (NYSE:TEX) by 19.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,558 shares of the industrial products company’s stock after selling 7,462 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Terex Corporation were worth $1,421,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TEX. PNC Financial Services Group Inc. boosted its holdings in shares of Terex Corporation by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,563 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 403 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Terex Corporation in the first quarter valued at approximately $2,079,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Terex Corporation by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 346,725 shares of the industrial products company’s stock valued at $10,888,000 after acquiring an additional 31,230 shares in the last quarter. Credit Suisse AG boosted its holdings in shares of Terex Corporation by 14.3% in the first quarter. Credit Suisse AG now owns 111,101 shares of the industrial products company’s stock valued at $3,488,000 after acquiring an additional 13,922 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Terex Corporation by 11.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 25,710 shares of the industrial products company’s stock valued at $807,000 after acquiring an additional 2,710 shares in the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.

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Terex Corporation (NYSE TEX) opened at $44.62 on Tuesday. Terex Corporation has a 52 week low of $27.77 and a 52 week high of $48.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53. The company has a market cap of $3,746.66, a P/E ratio of 39.42, a P/E/G ratio of 3.08 and a beta of 1.89.

Terex Corporation (NYSE:TEX) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.19 EPS. The company’s revenue was up 5.2% on a year-over-year basis. analysts forecast that Terex Corporation will post 1.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors 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 is -37.21%.

Terex Corporation declared that its board has authorized a share repurchase plan on Wednesday, September 6th that allows the company to buyback $225.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

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

Several research firms have recently issued reports on TEX. KeyCorp reiterated a “hold” rating on shares of Terex Corporation in a report on Wednesday, November 1st. Citigroup Inc. increased their price objective on shares of Terex Corporation from $39.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Wells Fargo & Company set a $52.00 price objective on shares of Terex Corporation and gave the company a “buy” rating in a report on Monday, October 16th. Zacks Investment Research upgraded shares of Terex Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, October 11th. Finally, UBS AG set a $52.00 price objective on shares of Terex Corporation and gave the company a “buy” rating in a report on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Terex Corporation presently has an average rating of “Hold” and an average target price 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.

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

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