Liberty Capital Management Inc. Takes Position in Terex Corporation (NYSE:TEX)

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 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.

ILLEGAL ACTIVITY NOTICE: "Terex Corporation (TEX) Stake Lessened by Rothschild Investment Corp IL" was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & global copyright & trademark law.

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.

Altre Notizie