Analysts expect Terex Corporation (NYSE:TEX) to announce $1.03 billion in sales for the current quarter, Zacks Investment Research reports.
A number of other large investors have also added to or reduced their stakes in TEX. Aperio Group LLC grew its holdings in shares of Terex Corporation by 3.5% during the third quarter. Following the sale, the insider now owns 143,304 shares of the company's stock, valued at $5,577,391.68. Sei Investments Co. raised its stake in Terex Corporation by 19.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,563 shares of the industrial products company's stock valued at $175,000 after acquiring an additional 403 shares during the period. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/11/13/liberty-capital-management-inc-buys-shares-of-30051-terex-corporation-tex.html. Pzena Investment Management LLC now owns 7,293,443 shares of the company's stock worth $185,326,000 after buying an additional 128,939 shares in the last quarter.
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Shares of Terex Corporation (NYSE TEX) opened at 47.03 on Friday.
Several equities research analysts have issued reports on TEX shares. Deutsche Bank AG set a $44.00 price target on Terex Corporation and gave the company a "buy" rating in a research note on Thursday, August 3rd. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). At the moment, the average analyst price target is $45.88.
Terex Corporation (NYSE:TEX) last posted its quarterly earnings data on Wednesday, August 2nd. The overall volume in the last trading session was 1.4 million shares. The company has a market cap of $3,746.66, a PE ratio of 39.42, a P/E/G ratio of 3.08 and a beta of 1.89. U.S. Bancorp (NYSE:USB), at its latest closing price of $51.61, it has a price-to-book ratio of 1.99, compared to an industry average at 2.81. Terex Corporation has a 1-year low of $27.35 and a 1-year high of $48.86.
Have you taken a look at the chart for Terex Corporation (TEX) lately? The industrial products company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.36 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.03 billion. Terex Corporation had a return on equity of 7.39% and a net margin of 2.01%. During the same period last year, the company earned $0.19 earnings per share. research analysts anticipate that Terex Corporation will post 1.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 9th will be paid a $0.08 dividend. Also, insider Kenneth D. Lousberg sold 35,000 shares of Terex Corporation stock in a transaction on Wednesday, November 9th. This represents a $0.32 annualized dividend and a yield of 0.72%. Terex Corporation's dividend payout ratio is now -37.21%. This buyback authorization permits the industrial products company to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.
In related news, insider Kevin A. Barr sold 15,000 shares of the business's stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $25.51, for a total transaction of $892,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Following the transaction, the insider now directly owns 82,720 shares of the company's stock, valued at approximately $2,110,187.20.
There is a lot of insight to be gained about how a publicly-traded business is performing financially by seeing the buying and selling of its insiders, which is a term referring to the directors and senior officers - or any person or group that owns more than 10% of the business' total voting shares. The disclosure for this purchase can be found here. In the previous year there have been a total of 213 insider trades, including 86 open market buys and 127 sells. Company insiders own 2.50% of the company's stock.
Terex Corporation is a lifting and material handling solutions company. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). The Company is focused on providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries.