There has been some buying and selling insider activity on Terex Corporation Common Stock (NYSE:TEX) recently. Kevin A. Barr, Sr VP sold $363,200 worth of shares at an average price of $36.32 on Fri the 9th. That brings Barr’s holdings to $5,575,701 as recorded in a recent Form 4 SEC filing. Eric I. Cohen, Senior V.P., Secy. Gen Counsel disclosed the sale of 10,000 shares of TEX stock. The shares were sold on June 9th for an average price of $36.64. The Senior V.P., Secy. Gen Counsel now owns $7,636,655 of the stock according to the SEC filing.
John D. Sheehan, Sr VP disclosed the purchase of 370 shares of (TEX). The shares were bought on June 6th for an average price of $33.76. Sheehan now owns $3,837,736 of the stock per the Form 4 SEC filing.
Terex Corporation, launched on October 30, 1986, 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, transportation, refining, energy, utility, quarrying and mining industries. The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The AWP segment’s products are used by its customers to construct and maintain industrial, commercial and residential buildings and facilities, and for other commercial operations, as well as in a range of infrastructure projects..
Here are a few additional firms who have increased or decreased their stake in (TEX). As of quarter end Proficio Capital Partners LLC had acquired 83 shares growing its stake by 395.2%. The value of the company’s investment in Terex Corporation Common Stock increased from $1,000 to $4,000 increasing 300.0% quarter to quarter. Morgan Stanley cut its holdings by shedding 4,815 shares a decrease of 13.9% in the quarter. Morgan Stanley claims 29,900 shares valued at $939,000. The total value of its holdings decreased 14.2%.
As of the end of the quarter Community Financial Services Group, LLC had sold a total of 2,225 shares trimming its position 85.1%. The value of the total investment in Terex Corporation Common Stock went from $82,000 to $12,000 a change of 85.4% since the last quarter. Goldman Sachs Group Inc grew its stake by buying 2,567,089 shares an increase of 1,705.3% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc currently owns 2,717,626 shares with a value of $85,333,000. The total value of its holdings increased 1,698.0%.
On December 6 Deutsche Bank maintained a company rating of “Hold” but moved up the price target from $28.00 to $34.00. On November 18 the stock rating was downgraded to “Underperform” from “Buy” by analysts at CLSA.
On October 24 the company was downgraded from “Equalweight” to “Underweight” and a price target of $20.00 was set by Barclays. On October 24, 2016 Barclays held the price objective at $20.00 and cut the company to Underweight from Equalweight.
On October 14 the company was upgraded to “Buy” from “Neutral” with a current price target of $29.00 in a statement from Bank of America. Equity analyst Bank of America upgraded the stock and raised the price target on October 14 changing the price target from $23.00 to $29.00 and raising the rating from “Neutral” to “Buy”.
The company is so far trading up from yesterday’s close of $36.09. Additionally Terex Corporation Common Stock declared a dividend to be paid on Monday the 19th of June 2017. The dividend payment will be $0.080 per share for the quarter or $0.32 on an annualized basis. The dividend yield will be $0.89. The ex-dividend date is Wednesday the 7th of June 2017.
Company chares are trading at $36.55 a tad higher than $33.62, the 50 day moving average and which is just over the 200 day moving average of $31.99. The 50 day moving average was up $3.04 whereas the 200 day moving average was up $4.67 or +14.59%.
In the latest earnings report the EPS was $-1.03 and is projected to be $0.93 for the current year with 97,599,000 shares outstanding. Next quarter’s EPS is expected be $0.28 and the next full year EPS is projected to be $1.63.