November 30, 2016 - By Adrian Mccoy · 0 Comments
Terex Corp (NYSE:TEX) institutional sentiment decreased to 0.81 in 2016 Q2. Its down -0.13, from 0.94 in 2016Q1. The ratio dropped, as 120 hedge funds started new and increased positions, while 128 sold and decreased stock positions in Terex Corp. The hedge funds in our partner’s database now own: 86.48 million shares, up from 80.38 million shares in 2016Q1. Also, the number of hedge funds holding Terex Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 55 Reduced: 73 Increased: 85 New Position: 35.
Terex Corporation is a lifting and material handling solutions company. The company has a market cap of $3.08 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 P/E ratio. It operates through five divisions: Aerial Work Platforms , Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP).
The stock decreased 1.62% or $0.49 during the last trading session, hitting $29.72. Terex Corporation (NYSE:TEX) has risen 24.77% since April 27, 2016 and is uptrending. It has outperformed by 19.54% the S&P500.
Analysts await Terex Corporation (NYSE:TEX) to report earnings on February, 21. They expect $-0.03 EPS, down 106.00% or $0.53 from last year’s $0.5 per share. After $0.19 actual EPS reported by Terex Corporation for the previous quarter, Wall Street now forecasts -115.79% negative EPS growth.
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.”
Wilsey Asset Management Inc holds 3.6% of its portfolio in Terex Corporation for 247,670 shares. Schneider Capital Management Corp owns 914,058 shares or 3.48% of their US portfolio. Moreover, Minneapolis Portfolio Management Group Llc has 3.22% invested in the company for 882,325 shares. The Texas-based Stanley Capital Management Llc has invested 2.69% in the stock. Community Financial Services Group Llc, a Vermont-based fund reported 149,577 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 24 buys, and 24 insider sales for $5.66 million net activity.
Ratings analysis reveals 33% of Terex Corporation’s analysts are positive. Out of 18 Wall Street analysts rating Terex Corporation, 6 give it “Buy”, 2 “Sell” rating, while 10 recommend “Hold”. The lowest target is $15 while the high is $35. The stock’s average target of $25.14 is -15.41% below today’s ($29.72) share price. TEX was included in 40 notes of analysts from July 22, 2015. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, August 12. As per Thursday, December 17, the company rating was downgraded by Deutsche Bank. RBC Capital Markets maintained it with “Sector Perform” rating and $25 target price in Monday, August 3 report. Morgan Stanley downgraded Terex Corporation (NYSE:TEX) on Tuesday, May 31 to “Equal-Weight” rating. The rating was maintained by Goldman Sachs on Wednesday, June 8 with “Buy”. The firm has “Underweight” rating given on Wednesday, September 9 by JP Morgan. The firm earned “Outperform” rating on Tuesday, May 17 by Wells Fargo. The stock of Terex Corporation (NYSE:TEX) has “Underweight” rating given on Monday, October 24 by Barclays Capital. The firm has “Mkt Perform” rating given on Friday, January 29 by Avondale. The stock of Terex Corporation (NYSE:TEX) earned “Equal-Weight” rating by Barclays Capital on Friday, September 25.
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 news for Terex Corporation (NYSE:TEX) were recently published by: Fox6now.com, which released: “Terex Corporation closing facility on Bluemound in Waukesha; 92 employees impacted” on November 10, 2016. Businesswire.com‘s article titled: “Terex Corporation to Host Analyst Meeting” and published on November 02, 2016 is yet another important article.
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By Adrian Mccoy