According to Terex Corporation (TEX) most recent 13F filing, the company has 43 new institutional holders - accounting for 2.69 million shares of its common stock. Terex Corporation (NYSE:TEX) hasconsensus analyst target price is $45.88. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect that Terex Corporation will post $0.76 earnings per share for the current fiscal year. At the moment, Terex Corporation (TEX) has billion shares outstanding. Zacks' sales averages are an average based on a survey of research firms that cover Terex Corporation.
Terex Corporation (NYSE:TEX) gained 0.61% with the closing price of $44.55. The industrial products company reported $0.50 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.14. For the current quarter, the average analyst estimate for net revenue is $997.16M billion - compared to 974.7M billion in the year-ago quarter.
U.S. Bancorp (NYSE:USB), stock is trading $56.61 above the 52-week high and has displayed a high EPS growth of 5.70% in last 5 years. They expect this year's earnings to rise 46.59% year-over-year to $1.29, followed by 73.64% growth in the next year to $2.24.
A number of equities analysts have commented on the company. BMO Capital Markets restated a "hold" rating and issued a $35.00 price objective on shares of Terex Corporation in a report on Thursday, July 20th. Deutsche Bank AG set a $44.00 target price on Terex Corporation and gave the company a "buy" rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a "hold" rating and set a $38.00 price target on shares of Terex Corporation in a research report on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. The company has an average rating of "Hold" and an average target price of $26.14. The percentage of shares being held by the company management was 1.7% while institutional stake was 99.5%. Terex Corporation has a 52 week low of $13.62 and a 52 week high of $33.17. The stock's market capitalization is $4.20 billion. The firm's 50-day moving average is $31.53 and its 200 day moving average is $26.00. The stock had a trading volume of 1,597,300 shares, compared to its average volume of 1,451,308. This repurchase authorization allows the industrial products company to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.
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Of those analysts, 1 rate stock as a Strong Buy, 1 rate it as Hold, and just no analyst rates it as a Moderate Sell. The business had revenue of $2.16 million during the quarter, compared to analyst estimates of $2.75 million.
The firm also recently announced 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. The ex-dividend date is Wednesday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.72%. BlackRock Fund Advisors boosted its stake in Terex Corporation by 4.3% in the third quarter.
TRADEMARK VIOLATION NOTICE: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was stolen and republished in violation of USA and global trademark and copyright laws. Of those insider trades, 6,773 shares of Terex Corporation were purchased and 120,934 shares were sold. The institutional investor bought 30,051 shares of the industrial products company's stock, valued at approximately $1,378,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Sachs bought 3,000 shares of the company's stock in a transaction that occurred on Friday, August 18th. The disclosure for this purchase can be found here. In the last 12 months, there have been 86 open market buys by insiders and 127 sells for a total of 213 insider trades.
Large investors have recently made changes to their positions in the stock. Sei Investments Co. raised its stake in Terex Corporation by 19.5% during the 2nd quarter. The firm owned 209,789 shares of the company's stock after selling 1,659 shares during the period. BlackRock Inc. lifted its stake in Terex Corporation by 11,851.5% in the first quarter. JPMorgan Chase & Co. now owns 1,759,927 shares of the industrial products company's stock worth $65,999,000 after purchasing an additional 1,624,263 shares during the last quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company's stock worth $135,913,000 after purchasing an additional 1,224,422 shares during the last quarter. Oakbrook Investments LLC bought a new stake in shares of Terex Corporation during the third quarter worth $320,000.
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions.
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