November 23, 2016 - By Adrian Mccoy
As exposed in the SEC, a legal report for the trade of 4,276 shares of Terex Corp by Steve Filipov was filled. Steve Filipov is presently the President – Terex MHPS of the Connecticut-based company. The legal report was filled on 23-11-2016. These shares were sold at average $29.0 for every share, and had a market value of $124,004 US Dollars. And, It’s sure Steve’s transaction isn’t going to remain unseen as he right now is holding 141,570 shares – ( 0.13% of Terex Corp’s Market Cap ).
Out of 18 analysts covering Terex Corporation (NYSE:TEX), 6 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 33% are positive. $35 is the highest target while $15 is the lowest. The $25.14 average target is -18.72% below today’s ($30.93) stock price. Terex Corporation has been the topic of 40 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded Terex Corporation (NYSE:TEX) on Tuesday, May 17 to “Outperform” rating. The stock of Terex Corporation (NYSE:TEX) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 12. The stock of Terex Corporation (NYSE:TEX) earned “Hold” rating by Evercore on Friday, May 27. As per Wednesday, June 8, the company rating was maintained by Goldman Sachs. The firm earned “Underperform” rating on Friday, November 18 by CLSA. On Wednesday, September 7 the stock rating was initiated by Deutsche Bank with “Hold”. On Wednesday, August 12 the stock rating was upgraded by Goldman Sachs to “Neutral”. As per Monday, October 24, the company rating was downgraded by Barclays Capital. The stock of Terex Corporation (NYSE:TEX) earned “Hold” rating by Deutsche Bank on Wednesday, October 12. The stock of Terex Corporation (NYSE:TEX) has “Equal-Weight” rating given on Friday, September 25 by Barclays Capital.
Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.13, from 0.94 in 2016Q1. The ratio worsened, as 55 funds sold all Terex Corporation shares owned while 73 reduced positions. 35 funds bought stakes while 85 increased positions. They now own 86.48 million shares or 7.59% more from 80.38 million shares in 2016Q1.
Voya Mgmt Llc reported 34,740 shares or 0% of all its holdings. Nomura Asset Mgmt Company Ltd, a Japan-based fund reported 3,070 shares. Checchi Capital Advisers Ltd Liability accumulated 864 shares or 0% of the stock. Franklin Res Inc owns 320,300 shares or 0% of their US portfolio. Ladenburg Thalmann Financial Services holds 0% of its portfolio in Terex Corporation (NYSE:TEX) for 1,464 shares. California State Teachers Retirement last reported 0.01% of its portfolio in the stock. Pacad Investment Limited accumulated 0% or 1,300 shares. The Connecticut-based Tudor Inv Corp Et Al has invested 0.01% in Terex Corporation (NYSE:TEX). D E Shaw has invested 0.01% of its portfolio in Terex Corporation (NYSE:TEX). Equitec Proprietary Ltd Liability Corporation has 0.01% invested in the company for 14,100 shares. Hanson And Doremus Mgmt has 39,885 shares for 0.37% of their US portfolio. Ipg Invest Advsr Lc accumulated 0% or 197,300 shares. State Teachers Retirement System reported 204,460 shares or 0.01% of all its holdings. Great West Life Assurance Can reported 12,945 shares or 0% of all its holdings. Brandywine Global Mngmt Limited Liability Corp, a Pennsylvania-based fund reported 2.61 million shares.
Insider Transactions: Since May 31, 2016, the stock had 29 insider purchases, and 24 sales for $5.77 million net activity. HENRY BRIAN J also bought $2,309 worth of Terex Corporation (NYSE:TEX) shares. COHEN ERIC I also sold $40,984 worth of Terex Corporation (NYSE:TEX) on Monday, November 14. 20 Terex Corporation (NYSE:TEX) shares with value of $471 were bought by Ellis George. Clair Mark I sold $181,458 worth of Terex Corporation (NYSE:TEX) on Tuesday, August 9. Lousberg Kenneth D. had bought 73 shares worth $1,721 on Wednesday, August 3. FEARON MATTHEW had sold 3,632 shares worth $89,674. Another trade for 9 shares valued at $219 was bought by BARR KEVIN A.
About 1.12M shares traded hands. Terex Corporation (NYSE:TEX) has risen 19.90% since April 21, 2016 and is uptrending. It has outperformed by 14.57% the S&P500.
Terex Corporation is a lifting and material handling solutions company. The company has a market cap of $3.37 billion. The Firm is focused on providing its activities and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries. It has a 24.97 P/E ratio. It operates through five divisions: Aerial Work Platforms , Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP).
According to Zacks Investment Research, “Terex Corp. is a global manufacturer of a broad range of construction and mining related capital equipment. The company strives to manufacture high quality machines which are low cost, simple to use and easy to maintain. The company’s principal products include telescopic mobile cranes, aerial work platforms, utility aerial devices, telescopic material handlers, truck mounted mobile cranes, rigid and articulated off-highway trucks and high capacity surface mining trucks, and related components and replacement parts.”
Analysts await Terex Corporation (NYSE:TEX) to report earnings on February, 21. They expect $-0.03 earnings per share, down 106.00% or $0.53 from last year’s $0.5 per share. After $0.19 actual earnings per share reported by Terex Corporation for the previous quarter, Wall Street now forecasts -115.79% negative EPS growth.
More notable recent Terex Corporation (NYSE:TEX) news were published by: Fool.com which released: “Terex Corporation Simplifies Its Portfolio as Sales Shrink” on August 02, 2016, also Finance.Yahoo.com with their article: “Terex Corporation Announces Leadership Change in Its Cranes Segment” published on October 25, 2016, Businesswire.com published: “Terex Corporation Announces Commencement of Consent Solicitation” on September 22, 2016. More interesting news about Terex Corporation (NYSE:TEX) were released by: Fox6now.com and their article: “Terex Corporation closing facility on Bluemound in Waukesha; 92 employees impacted” published on November 10, 2016 as well as Businesswire.com‘s news article titled: “Terex Corporation to Host Analyst Meeting” with publication date: November 02, 2016.
Terex Corporation, incorporated on October 30, 1986, is a lifting and material handling solutions company. The Firm is focused on providing its activities and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Firm operates through five divisions: Aerial Work Platforms (AWP), Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP). The Company’s products are manufactured in North and South America, Europe, Australia and Asia and sold across the world.
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By Adrian Mccoy