Here is the rundown on market activity for Terex Corporation Common Stock (NYSE:TEX). Kevin A. Barr, Sr VP sold $363,200 worth of shares at an average price of $36.32 on June 9th. That brings Barr’s holdings to $5,575,701 as reported to the SEC. Senior V.P., Secy. Gen Counsel Eric I. Cohen disclosed the sale of 10,000 shares. 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 per the Form 4 SEC filing.
John D. Sheehan, Sr VP reported the purchase of 370 shares of TEX stock. The shares were purchased at an average price of $33.76. Sheehan now owns $3,837,736 of the stock according to the 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..
These firms have also modified their investment in TEX. Proficio Capital Partners LLC added to its stake by buying 83 shares an increase of 395.2%. Proficio Capital Partners LLC owns 104 shares valued at $4,000. The total value of its holdings increased 300.0%. As of quarter end Morgan Stanley had sold a total of 4,815 shares trimming its holdings by 13.9%. The value of the total investment in Terex Corporation Common Stock decreased from $1,095,000 to $939,000 decreasing 14.2% quarter over quarter.
As of the end of the quarter Community Financial Services Group, LLC had disposed of 2,225 shares trimming its position 85.1%. The value in dollars went from $82,000 to $12,000 a change of 85.4% for the reporting period. As of quarter end Goldman Sachs Group Inc had acquired 2,567,089 shares growing its stake by 1,705.3%. The value of the investment in (TEX) went from $4,746,000 to $85,333,000 a change of $80,587,000 quarter to quarter.
December 6 investment analysts at Deutsche Bank maintained a company rating of “Hold” but raised the price target to $34.00 from $28.00. On November 18 the company was downgraded from “Buy” to “Underperform” by CLSA.
On October 24, 2016 Barclays maintained a price objective of $20.00 and downgraded the company from Equalweight to Underweight. On October 24 the stock rating was downgraded to “Underweight” from “Equalweight” and a price target of $20.00 was set in a statement from Barclays.
Equity analyst Bank of America upgraded the stock and raised the price target on October 14 changing the price objective from $23.00 to $29.00 and raising the rating from “Neutral” to “Buy”. On October 14 the company was upgraded from “Neutral” to “Buy” with a current price target of $29.00 by analysts at Bank of America.
The company is trading up from yesterday’s close of $36.09. Terex Corporation Common Stock also recently declared a dividend for shareholders to be paid on Monday the 19th of June 2017. The dividend will be $0.080 per share for the quarter or $0.32 annualized. This dividend represents a yeild of $0.89 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Wednesday the 7th of June 2017.
Shares last traded at $36.66 barely above the 50 day moving average which is $33.62 and a bit higher than the 200 day moving average of $31.99. The 50 day moving average moved up $2.96 whereas the 200 day moving average was up $4.59 or +14.34%.
In the latest earnings report the EPS was $-1.03 and is expected to be $0.93 for the current year with 97,599,000 shares outstanding. Next quarter’s EPS is estimated at $0.28 with next year’s EPS projected to be $1.63.