It turned negative, as 44 investors sold TEX shares while 86 reduced holdings. This repurchase authorization allows the industrial products company to buy up to 6.6% of its shares through open market purchases. California State Teachers Retirement holds 0.01% in Terex Corporation (NYSE:TEX) or 166,271 shares. PNC Financial Services Group Inc. boosted its holdings in Terex Corporation by 7.8% during the first quarter. TIAA CREF Investment Management LLC now owns 3,624,339 shares of the industrial products company's stock valued at $135,913,000 after purchasing an additional 1,224,422 shares during the period. Fisher Asset Management LLC boosted its position in shares of Terex Corp.by 3.5% in the third quarter. Amalgamated Bank now owns 16,760 shares of the industrial products company's stock worth $526,000 after purchasing an additional 491 shares during the last quarter. BlackRock Inc. now owns 8,449,356 shares of the industrial products company's stock valued at $265,310,000 after purchasing an additional 8,378,659 shares during the period. The percentage of shares being held by the company management was 1.7% while institutional stake was 99.5%. Another trade for 10,000 shares valued at $364,229 was made by COHEN ERIC I on Friday, June 9. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. Following the transaction, the senior vice president now directly owns 313,263 shares in the company, valued at approximately $12,530,520. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $39.50, for a total value of $351,234.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 4,204 shares of company stock worth $165,715 and sold 64,723 shares worth $2,665,476.
Since May 19, 2017, it had 3 insider purchases, and 7 selling transactions for $2.49 million activity.
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Terex Corporation (NYSE TEX) traded up $0.27 on Monday, reaching $44.55. The overall volume in the last trading session was 1.4 million shares. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.42 and a quick ratio of 1.53. 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.
Terex Corporation (NYSE:TEX) last issued its earnings results on Tuesday, October 31st. The company's revenue for the quarter was up 5.2% on a year-over-year basis. research analysts predict that Terex Corporation will post 1.29 EPS for the current fiscal year. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the firm posted $0.19 EPS. The Cornerstone Capital Management Holdings Llc holds 382,332 shares with $14.34 million value, up from 322,015 last quarter.
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. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, November 8th. At Terex Corporation (TEX), there are now 290 institutional holders with a total of 88,620,205 shares. OTR Global raised shares of Terex Corp.to a "positive" rating in a report on Friday, December 9th. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Terex Corporation from a "hold" rating to a "buy" rating and set a $51.00 price target for the company in a report on Wednesday, October 11th. If the published price targets set by Terex Corporation analysts have any power to influence the stock's share price, the highest price target set for TEX is $55. Wells Fargo & Company set a $52.00 target price on shares of Terex Corporation and gave the company a "buy" rating in a research note on Monday, October 16th. Deutsche Bank AG set a $44.00 target price on Terex Corporation and gave the company a "buy" rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company maintains price to book ratio of 2.70 vs.an industry average at 2.02.
Terex Corporation is a manufacturer of lifting and material processing services and products that deliver lifecycle solutions. The Firm has three business divisions: Aerial Work Platforms, Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.