Metropolitan Life Insurance Co NY lowered its position in shares of Terex Co. (NYSE:TEX) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,804 shares of the industrial products company’s stock after selling 789 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Terex were worth $572,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TEX. Comerica Bank raised its position in shares of Terex by 8.0% during the fourth quarter. Comerica Bank now owns 57,738 shares of the industrial products company’s stock worth $1,700,000 after acquiring an additional 4,267 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Terex by 102.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,362 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 6,771 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Terex by 17.0% during the fourth quarter. California Public Employees Retirement System now owns 318,517 shares of the industrial products company’s stock worth $8,782,000 after acquiring an additional 46,221 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Terex during the fourth quarter worth $40,000. Finally, Texas Permanent School Fund grew its stake in shares of Terex by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 42,441 shares of the industrial products company’s stock worth $1,170,000 after purchasing an additional 1,633 shares during the period. Institutional investors own 90.83% of the company’s stock.
A number of research firms have issued reports on TEX. UBS Group set a $36.00 target price on Halliburton and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Barclays set a $330.00 target price on Thermo Fisher Scientific and gave the company a “buy” rating in a research note on Monday, July 15th. TheStreet raised Exantas Capital from a “d+” rating to a “c” rating in a research report on Thursday, May 2nd. Evercore ISI reaffirmed an “in-line” rating and set a $31.00 price objective (down from $40.00) on shares of Terex in a research report on Friday, May 31st. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $34.50.
NYSE:TEX traded up $0.89 on Friday, hitting $30.70. The company’s stock had a trading volume of 1,073,022 shares, compared to its average volume of 1,274,565. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.27 and a quick ratio of 1.41. The firm has a fifty day moving average of $29.34. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 0.84 and a beta of 1.77. Terex Co. has a one year low of $25.47 and a one year high of $44.82.
Terex (NYSE:TEX) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.30. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Terex had a positive return on equity of 25.38% and a negative net margin of 0.06%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, equities research analysts anticipate that Terex Co. will post 4.05 EPS for the current fiscal year.
Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.
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