Short Interest Worth Watching: Could Terex Corporation (NYSE:TEX) Go Up After Its Newest Short Interest Report?

November 17, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Worth Watching: Could Terex Corporation (NYSE:TEX) Go Up After Its Newest Short Interest Report?

The stock of Terex Corporation (NYSE:TEX) registered an increase of 12.34% in short interest. TEX’s total short interest was 4.59M shares in November as published by FINRA. Its up 12.34% from 4.09M shares, reported previously. With 864,500 shares average volume, it will take short sellers 5 days to cover their TEX’s short positions. The short interest to Terex Corporation’s float is 4.66%. About 253,227 shares traded hands. Terex Corporation (NYSE:TEX) has risen 17.17% since April 15, 2016 and is uptrending. It has outperformed by 12.55% the S&P500.

Terex Corporation is a lifting and material handling solutions company. The company has a market cap of $3.07 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 23.16 P/E ratio. It operates through five divisions: Aerial Work Platforms , Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP).

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.13, from 1.07 in 2016Q1. The ratio dived, 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.
Moreover, Utah Retirement has 0.01% invested in Terex Corporation (NYSE:TEX) for 19,211 shares. Barrow Hanley Mewhinney & Strauss Ltd Liability Corp has 0.1% invested in the company for 3.21 million shares. Rothschild Invest Il holds 0.1% or 38,900 shares in its portfolio. Mountain Lake Investment, a California-based fund reported 17,500 shares. Northern has 0.01% invested in the company for 829,903 shares. Minneapolis Portfolio Management Grp Ltd Company has 3.22% invested in the company for 882,325 shares. Ing Groep Nv accumulated 23,000 shares or 0.01% of the stock. Towerview Limited Liability has invested 0.24% of its portfolio in Terex Corporation (NYSE:TEX). The Washington-based Parametric Port Ltd Liability Corp has invested 0.02% in Terex Corporation (NYSE:TEX). Mutual Of America Limited Co, a New York-based fund reported 81,895 shares. Moreover, Zweig has 0.02% invested in Terex Corporation (NYSE:TEX) for 10,800 shares. Schwab Charles Investment Management Inc holds 0.01% of its portfolio in Terex Corporation (NYSE:TEX) for 238,137 shares. Greenwich Wealth Mngmt Lc has 0.76% invested in the company for 68,720 shares. Deutsche Commercial Bank Ag reported 270,012 shares or 0% of all its holdings. Suntrust Banks Incorporated accumulated 54,254 shares or 0.01% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 29 insider buys, and 22 selling transactions for $5.48 million net activity. Shares for $470,416 were sold by Lousberg Kenneth D.. 3,632 Terex Corporation (NYSE:TEX) shares with value of $89,674 were sold by FEARON MATTHEW. Bradley Kevin had bought 70 shares worth $1,728 on Tuesday, October 11. 5,000 Terex Corporation (NYSE:TEX) shares with value of $135,350 were sold by HENRY BRIAN J. BARR KEVIN A also bought $219 worth of Terex Corporation (NYSE:TEX) shares. Shares for $242,100 were sold by Ellis George on Friday, August 19. COHEN ERIC I had sold 9,749 shares worth $257,777 on Wednesday, November 9.

Terex Corporation (NYSE:TEX) Ratings Coverage

Out of 18 analysts covering Terex Corporation (NYSE:TEX), 7 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 39% are positive. Terex Corporation has been the topic of 39 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, May 27 by Evercore. On Wednesday, June 8 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of Terex Corporation (NYSE:TEX) earned “Buy” rating by Deutsche Bank on Friday, July 31. Deutsche Bank maintained the shares of TEX in a report on Wednesday, October 12 with “Hold” rating. The stock has “Hold” rating given by BB&T Capital on Friday, July 31. The stock of Terex Corporation (NYSE:TEX) has “Hold” rating given on Tuesday, August 9 by Jefferies. Deutsche Bank initiated Terex Corporation (NYSE:TEX) rating on Wednesday, September 7. Deutsche Bank has “Hold” rating and $26 price target. The firm has “Underweight” rating given on Wednesday, September 9 by JP Morgan. The rating was maintained by Jefferies with “Buy” on Tuesday, May 31. As per Monday, July 11, the company rating was maintained by Barclays Capital.

TEX Company Profile

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.

More recent Terex Corporation (NYSE:TEX) news were published by: Finance.Yahoo.com which released: “Terex Corporation Announces Leadership Change in Its Cranes Segment” on October 25, 2016. Also Businesswire.com published the news titled: “Terex Corporation to Host Analyst Meeting” on November 02, 2016. Nasdaq.com‘s news article titled: “Terex Corporation (TEX) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016 was also an interesting one.

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By Peter Erickson


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