It is currently trading at $46.03 which is slightly above $43.90, the 50 day moving average and quite a bit higher than the 200 day moving average of $37.90. The 50 day moving average went up by +4.86% and the 200 day average went up $8.13 or +21.47%. 587K shares changed hands in the last trading session. Overall, volume was down 64.62% under the stocks normal daily volume.
Short traders are more bullish on shares of the company lately if you put credence in the downtick in short interest. The firm realized a fall in short interest of -11.04% as of September 29, 2017 from the last reporting period. Short shares fell from 12,092,856 to 10,757,981 over that period. With short interest at 10,757,981 and short average daily volume at 1,181,802, the short-interest ratio is 9.0 and the percentage of shorted shares was 0.11% on September 29.
Terex Corporation (NYSE:TEX) has been the object of insider selling activity recently. Senior V.P., Secy. Gen Counsel Eric I. Cohen disclosed the sale of 10,000 shares. The shares were sold on September 29th for an average price of $45.00. The Senior V.P., Secy. Gen Counsel now owns $8,374,365 of the stock according to the SEC filing. Kevin A. Barr, Sr VP disclosed the sale of 2,682 shares of (TEX). The shares were purchased at an average price of $43.05. Barr now owns $5,380,389 of the stock per the Form 4 SEC filing.
Kevin A. Barr, Sr VP let go of $584,466 worth of shares at a price of $38.98 on August 4th. That brings Barr’s holdings to $5,404,694 as reported to the SEC.
The following firms have recently changed their position in TEX. As of quarter end Oakbrook Investments LLC had sold a total of 1,410 shares trimming its stake by 16.6%. The value of the investment in Terex Corporation increased from $267,000 to $320,000 a change of 19.9% quarter to quarter. As of the end of the quarter Farmers & Merchants Investments Inc had disposed of 31,040 shares trimming its position 55.3%. The value in dollars went from $2,104,000 to $1,128,000 a change of $976,000 for the reporting period.
State Treasurer State Of Michigan divested its investment by selling 8,300 shares a decrease of 20.6% from 06/30/2017 to 09/30/2017. State Treasurer State Of Michigan claims 31,900 shares valued at $1,436,000. The total value of its holdings decreased 4.8%. Alpha Windward LLC cut its position by shedding 1,260 shares a decrease of 9.0% as of 09/30/2017. Alpha Windward LLC controls 12,772 shares with a value of $575,000. The value of the position overall is up by 9.3%.
August 3 investment analysts at Deutsche Bank kept the stock rating at “Buy” and raised the price target from $34.00 to $44.00. On September 21 the company was downgraded to “Hold” from “Buy” in a report issued by Deutsche Bank.
On October 13 Citigroup left the stock rating at “Neutral” and raised the price expectation to $49.00 from $25.00.
The company is now up by 0.41%% since yesterday’s close of 45.84. Terex Corporation also recently announced a dividend for shareholders to be paid on Tuesday the 19th of December 2017. The dividend payment will be $0.080 per share for the quarter or $0.32 annualized. This dividend amount will represent a yield of $0.70. The ex-dividend date will be Monday August 7th, 2017.
As of the last earnings report the EPS was $-0.72 and is estimated to be $1.15 for the current year with 89,400,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.26 with next year’s EPS anticipated to be $2.10.
Terex Corporation, launched on October 30, 1986, is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The AWP segment’s products are used by its customers to construct and maintain industrial, commercial and residential buildings and facilities, and for other commercial operations, as well as in a range of infrastructure projects..