Shares of the company are trading at $44.34 significantly higher than $39.31, the stock’s 50 day moving average and which is well above the 200 day moving average of $35.38. The 50 day moving average went up by +12.80% and the 200 day average went up by +25.31%. Trading was light with 1,056K shares changing hands by the end of trading on Wednesday. Overall, volume was down 36.31% under the stocks normal daily volume.
Investors are a little more bearish on shares of the company recently if you watch the change in short interest. The stock had a rise in short interest of 2.77% as of the latest report on August 31, 2017. Short shares increased from 10,637,695 to 10,932,567 over that period. The short-interest ratio increased to 11.0 and the percentage of shorted shares was 0.11% on August 31.
Here is a rundown on some insider market activity for Terex Corporation (NYSE:TEX). 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 disclosed the sale of 14,994 shares of TEX stock. The shares were sold on August 4th for a price of $38.98. The Sr VP now owns $5,404,694 of the stock according to the SEC filing.
John D. Sheehan, Sr VP reported the purchase of 323 shares. The shares were bought on August 3rd for an average price of $38.65. Sheehan now owns $4,426,198 of the stock according to the SEC filing.
These funds have shifted positions in (TEX). 13d Management LLC reduced its ownership by shedding 10,176 shares a decrease of 3.7%. 13d Management LLC controls 263,727 shares worth $9,890,000. The value of the position overall is up by 15.0%. As of the end of the quarter Ahl Partners Llp had bought 5,423 shares growing its position 7.6%. The value of the company’s investment in Terex Corporation went from $2,250,000 to $2,890,000 increasing 28.4% quarter to quarter.
Ubs Group Ag downsized its stake by selling 1,274 shares a decrease of 4.2% from 03/31/2017 to 06/30/2017. Ubs Group Ag claims 28,971 shares with a value of $1,086,000. The total value of its holdings increased 14.3%. As of quarter end Northwestern Mutual Investment Management Company, LLC had disposed of a total of 1,450 shares trimming its stake by 7.9%. The value of the total investment in Terex Corporation increased from $573,000 to $630,000 a change of $57,000 for the reporting period.
August 3 investment analysts at Deutsche Bank left the company rating at “Buy” and moved up the price target to $44.00 from $34.00. On June 15 the stock rating was downgraded to “Neutral” from “Buy” by analysts at Goldman Sachs.
The company is now unchanged since yesterday’s close of 44.34. Terex Corporation recently announced a dividend for shareholders that was paid on Tuesday the 19th of September 2017. The dividend payment was $0.080 per share for the quarter which is $0.32 annualized. This dividend represents a yield of $0.74 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 7th of August 2017.
As of the latest earnings report the EPS was $-0.72 and is expected to be $1.15 for the current year with 89,400,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.25 with next year’s EPS anticipated to be $2.00.
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..