November 28, 2016 - By Dolores Ford
Eric Cohen, an insider of Terex Corp, currently Senior V.P. – Secy. Gen Counsel lately disclosed a transaction with the Washington-based SEC. As published in the electronic document, Eric Cohen sold 2,997 shares of the company, priced at $30.0 per share. $89,910 USD was the transaction’s value. The SEC document’s date was 28/11/2016. In the last 30 days, he also sold 12,675 shares valued at $342,087 USD. Today, Eric Cohen owns 199,055 shares which are equivalent to exactly 0.19% of the Company’s total market capitalization.
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 -16.78% below today’s ($30.21) 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. Deutsche Bank initiated the shares of TEX in a report on Wednesday, September 7 with “Hold” rating. As per Friday, October 14, the company rating was upgraded by Bank of America. On Wednesday, August 12 the stock rating was maintained by Stifel Nicolaus with “Buy”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, August 3 report. The stock of Terex Corporation (NYSE:TEX) has “Underweight” rating given on Wednesday, September 9 by Barclays Capital. The stock of Terex Corporation (NYSE:TEX) earned “Hold” rating by BB&T Capital on Friday, July 31. CLSA initiated the shares of TEX in a report on Friday, September 30 with “Buy” rating. On Tuesday, August 9 the stock rating was downgraded by Jefferies to “Hold”. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, August 12.
Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.13, from 0.94 in 2016Q1. The ratio turned negative, 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.
Swiss State Bank, a Switzerland-based fund reported 178,400 shares. Metropolitan Life Insurance Com Ny has 0.02% invested in the company for 102,474 shares. Thrivent Fin For Lutherans accumulated 0% or 15,610 shares. Schneider Cap Management Corporation has invested 3.48% of its portfolio in Terex Corporation (NYSE:TEX). Pzena Inv Mngmt Limited Company owns 7.16 million shares or 0.91% of their US portfolio. Sg Americas Lc holds 0.01% or 38,400 shares in its portfolio. Brighton Jones Ltd Liability holds 0.22% of its portfolio in Terex Corporation (NYSE:TEX) for 60,198 shares. Morgan Stanley last reported 7.24 million shares in the company. Systematic Fincl Mgmt L P accumulated 117,730 shares or 0.03% of the stock. Fmr Limited Liability Company reported 1.69 million shares or 0% of all its holdings. Commercial Bank Of America Corporation De accumulated 0% or 467,744 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Terex Corporation (NYSE:TEX). Gemmer Asset Mgmt Limited Co owns 318 shares or 0% of their US portfolio. California State Teachers Retirement Systems accumulated 0.01% or 230,123 shares. Ameritas Invest Prns accumulated 17,266 shares or 0.02% of the stock.
Insider Transactions: Since May 31, 2016, the stock had 24 insider purchases, and 24 sales for $5.62 million net activity. The insider FEARON MATTHEW sold 4,135 shares worth $100,150. The insider Ellis George bought $460. $235 worth of Terex Corporation (NYSE:TEX) was bought by BARR KEVIN A. FILIPOV STEVE had sold 10,005 shares worth $213,669. COHEN ERIC I also sold $40,984 worth of Terex Corporation (NYSE:TEX) on Monday, November 14. On Thursday, June 2 Bradley Kevin bought $1,155 worth of the stock or 54 shares. Another trade for 5,000 shares valued at $121,466 was made by HENRY BRIAN J on Tuesday, August 9.
The stock decreased 2.23% or $0.69 during the last trading session, hitting $30.21. About 1.85 million shares traded hands or 51.64% up from the average. Terex Corporation (NYSE:TEX) has risen 27.36% since April 25, 2016 and is uptrending. It has outperformed by 21.34% the S&P500.
Terex Corporation is a lifting and material handling solutions company. The company has a market cap of $3.19 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 24.39 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.
Another recent and important Terex Corporation (NYSE:TEX) news was published by Fox6now.com which published an article titled: “Terex Corporation closing facility on Bluemound in Waukesha; 92 employees impacted” on November 10, 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 Dolores Ford