November 23, 2016 - By Michael Collier
The Senior V.P. – Secy. Gen Counsel of Terex Corp, Eric Cohen is in the stock market news today. It was stated in a legal form filled by Eric Cohen and submitted to the (SEC) on November 23, 2016, he unloaded 1,494 shares from the Pinksheet-listed Terex Corp valued at $43,326 U.S Dollars. Eric Cohen’s shares average price was $29.0. It seems he is very active lately as in the last month, he quietly sold additional 11,181 shares of the company, worth $298,761 USD. Eric Cohen presently holds 202,052 shares or 0.18% 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. Jefferies maintained the shares of TEX in a report on Tuesday, May 31 with “Buy” rating. On Wednesday, June 8 the stock rating was maintained by Goldman Sachs with “Buy”. The firm earned “Hold” rating on Wednesday, October 12 by Deutsche Bank. The stock of Terex Corporation (NYSE:TEX) earned “Hold” rating by Evercore on Friday, May 27. The rating was upgraded by Goldman Sachs on Wednesday, August 12 to “Neutral”. Deutsche Bank downgraded it to “Hold” rating and $20 target price in Thursday, December 17 report. The stock has “Underweight” rating given by JP Morgan on Wednesday, September 9. The firm has “Buy” rating given on Friday, September 30 by CLSA. Barclays Capital initiated Terex Corporation (NYSE:TEX) on Friday, September 25 with “Equal-Weight” rating. The stock of Terex Corporation (NYSE:TEX) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, May 31.
Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. 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.
Luminus Mgmt Limited Liability Com last reported 39,565 shares in the company. Retirement Of Alabama accumulated 0.02% or 140,863 shares. First Eagle Mngmt Limited Liability Company has 10,000 shares for 0% of their US portfolio. Camarda Finance Advisors Limited Liability Company accumulated 303 shares or 0% of the stock. Deutsche Comml Bank Ag owns 270,012 shares or 0% of their US portfolio. Bokf Na accumulated 5,237 shares or 0% of the stock. Oregon Employees Retirement Fund last reported 0.02% of its portfolio in the stock. Peak6 Investments Limited Partnership holds 0.01% or 80,293 shares in its portfolio. Barclays Pcl accumulated 0% or 189,084 shares. Barnett And accumulated 1,150 shares or 0.01% of the stock. Gabelli Funds Ltd Co owns 14,300 shares or 0% of their US portfolio. Nelson Van Denburg And Campbell Wealth Mngmt Limited Liability has 0% invested in the company for 100 shares. Credit Agricole S A has invested 0% of its portfolio in Terex Corporation (NYSE:TEX). Pacad Inv Ltd, a British Columbia – Canada-based fund reported 1,300 shares. Oldfield Prtn Llp last reported 51,300 shares in the company.
Insider Transactions: Since May 31, 2016, the stock had 29 insider buys, and 24 selling transactions for $5.77 million net activity. $691 worth of Terex Corporation (NYSE:TEX) was bought by Ellis George. The insider BARR KEVIN A bought $238. Another trade for 54 shares valued at $1,155 was bought by Bradley Kevin. On Tuesday, August 16 FEARON MATTHEW sold $100,150 worth of the stock or 4,135 shares. Lousberg Kenneth D. also bought $1,729 worth of Terex Corporation (NYSE:TEX) on Tuesday, September 6. FILIPOV STEVE also sold $216,082 worth of Terex Corporation (NYSE:TEX) on Tuesday, August 9. 9,749 shares were sold by COHEN ERIC I, worth $257,777.
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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