Terex (NYSE:TEX) Shares Down 5.6%
Terex (NYSE:TEX) Shares Down 5.6%
Terex Co. (NYSE:TEX – Get Rating)'s stock price fell 5.6% on Friday . The company traded as low as $46.65 and last traded at $46.90. 326,881 shares traded hands during trading, a decline of 63% from the average session volume of 881,183 shares. The stock had previously closed at $49.68.
Analyst Ratings Changes
A number of brokerages have weighed in on TEX. Morgan Stanley increased their target price on shares of Terex from $52.00 to $54.00 and gave the stock an "equal weight" rating in a report on Monday, February 13th. Robert W. Baird increased their price objective on shares of Terex from $37.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, December 13th. Bank of America cut shares of Terex from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $66.00 to $54.00 in a report on Friday. Credit Suisse Group increased their price objective on shares of Terex from $50.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, February 13th. Finally, Barclays increased their price objective on shares of Terex from $38.00 to $56.00 and gave the stock an "equal weight" rating in a report on Monday, February 13th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Terex currently has an average rating of "Hold" and an average price target of $55.45.
Get Terex alerts:Terex Stock Performance
The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 1.96. The company's 50 day simple moving average is $52.65 and its 200 day simple moving average is $43.41. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.54 and a beta of 1.67.
Terex (NYSE:TEX – Get Rating) last posted its quarterly earnings data on Friday, February 10th. The industrial products company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.21. Terex had a net margin of 6.79% and a return on equity of 27.44%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $0.82 EPS. The business's revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities research analysts anticipate that Terex Co. will post 4.89 earnings per share for the current year.
Terex Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Thursday, March 9th will be given a dividend of $0.15 per share. This is a positive change from Terex's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. Terex's dividend payout ratio (DPR) is 13.82%.
Terex declared that its Board of Directors has approved a stock repurchase program on Monday, December 19th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other Terex news, Director David A. Sachs sold 13,000 shares of the firm's stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $55.50, for a total value of $721,500.00. Following the completion of the transaction, the director now directly owns 394,994 shares in the company, valued at $21,922,167. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Terex news, CAO Stephen Johnston sold 2,428 shares of the firm's stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $55.51, for a total value of $134,778.28. Following the completion of the transaction, the chief accounting officer now directly owns 12,340 shares in the company, valued at $684,993.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David A. Sachs sold 13,000 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $55.50, for a total transaction of $721,500.00. Following the completion of the sale, the director now directly owns 394,994 shares of the company's stock, valued at $21,922,167. The disclosure for this sale can be found here. Insiders sold a total of 374,481 shares of company stock worth $21,446,276 over the last ninety days. 2.90% of the stock is currently owned by company insiders.
Institutional Trading of Terex
A number of hedge funds have recently made changes to their positions in TEX. Norges Bank purchased a new stake in shares of Terex in the fourth quarter worth approximately $30,229,000. Federated Hermes Inc. lifted its position in shares of Terex by 579.5% in the second quarter. Federated Hermes Inc. now owns 664,258 shares of the industrial products company's stock worth $18,182,000 after purchasing an additional 566,507 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Terex by 110.8% in the first quarter. Renaissance Technologies LLC now owns 833,600 shares of the industrial products company's stock worth $29,726,000 after purchasing an additional 438,200 shares in the last quarter. BlackRock Inc. lifted its position in shares of Terex by 5.3% in the first quarter. BlackRock Inc. now owns 8,373,481 shares of the industrial products company's stock worth $298,598,000 after purchasing an additional 417,925 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Terex by 886.5% in the third quarter. Balyasny Asset Management LLC now owns 379,369 shares of the industrial products company's stock worth $11,282,000 after purchasing an additional 340,911 shares in the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.
About Terex
(Get Rating)
Terex Corp. engages in the manufacturing of aerial work platforms, cranes, and materials processing machinery. It operates through the Material Processing and Aerial Work Platforms segments. The Materials Processing segment designs, manufactures, services and markets materials processing and equipment, including crushers, washing systems, screens, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and their related components and replacement parts.
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特雷克斯公司(紐約證券交易所代碼:TEX-GET)股價上週五下跌5.6%。該公司股價最低跌至46.65美元,最新報46.90美元。326,881股股票在交易中成交,較881,183股的平均成交量下降了63%。該股此前收盤報49.68美元。
分析師評級發生變化
多家券商也加入了德州交易所的行列。摩根士丹利在2月13日(星期一)的一份報告中將特雷克斯股票的目標價從52.00美元上調至54.00美元,並給予該股“同等權重”的評級。羅伯特·W·貝爾德在12月13日(星期二)的一份報告中將特雷克斯股票的目標價從37.00美元上調至46.00美元,並給予該股“中性”評級。在週五的一份報告中,美國銀行將特雷克斯的股票評級從“買入”下調至“中性”,並將該股的目標價從66.00美元下調至54.00美元。瑞士信貸集團在2月13日週一的一份報告中將特雷克斯股票的目標價從50.00美元上調至59.00美元,並給予該股“中性”評級。最後,巴克萊在2月13日星期一的一份報告中將特雷克斯股票的目標價從38.00美元上調至56.00美元,並給予該股“同等權重”的評級。8名分析師對該股的評級為持有,4名分析師對該公司的評級為買入。根據MarketBeat的數據,特雷克斯目前的平均評級為持有,平均目標價為55.45美元。
到達特雷克斯警報:特雷克斯股票表現
該公司的負債權益比率為0.65,速動比率為0.97,流動比率為1.96。該公司的50日簡單移動均線切入位在52.65美元,200日簡單移動均線切入位在43.41美元。該股市值為30.6億美元,本益比為10.44倍,本益比為0.54倍,貝塔係數為1.67。
特雷克斯(紐約證券交易所代碼:TEX-GET Rating)上一次公佈季度收益數據是在2月10日星期五。這家工業產品公司公佈本季度每股收益為1.34美元,比普遍預期的1.13美元高出0.21美元。特雷克斯的淨利潤率為6.79%,股本回報率為27.44%。該公司本季度營收為12.2億美元,而分析師預期為11.億美元。去年同期,該公司公佈的每股收益為0.82美元。該業務當季營收同比增長23.0%。股票研究分析師平均預計,特雷克斯公司本年度每股收益將達到4.89歐元。
特雷克斯增加股息
該公司最近還披露了季度股息,將於3月20日(星期一)支付。3月9日(星期四)登記在冊的股東將獲得每股0.15美元的股息。與特雷克斯之前的季度派息0.13美元相比,這是一個積極的變化。本次股息除息日為3月8日星期三。這意味著年化股息為0.60美元,股息收益率為1.32%。特雷克斯的股息支付率(DPR)為13.82%。
特雷克斯宣佈,董事會已於12月19日(星期一)批准了一項股票回購計劃,允許該公司回購1.5億美元的股票。這項回購授權允許工業產品公司通過公開市場購買最多5%的股票。股票回購計劃通常是公司董事會認為其股票被低估的跡象。
內部人士下注
在特雷克斯的其他消息中,董事David在一筆日期為2月16日(星期四)的交易中出售了13,000股特雷克斯股票。這些股票的平均價格為55.50美元,總價值為721,500.00美元。交易完成後,董事現在直接擁有該公司394,994股,價值21,922,167美元。這筆交易是在提交給美國證券交易委員會的一份檔案中披露的,該檔案可通過這個環節。在特雷克斯的其他消息中,首席財務官史蒂芬·約翰斯頓在2月13日星期一的交易中出售了2428股該公司的股票。這些股票的平均價格為55.51美元,總價值為134,778.28美元。交易完成後,首席會計官現在直接擁有該公司12,340股,價值684,993.40美元。這筆交易是在提交給美國證券交易委員會的一份檔案中披露的,該檔案可通過這個環節。此外,董事David A·薩克斯在2月16日(星期四)的交易中出售了13,000股該股。該股以55.50美元的平均價格出售,總成交金額為721,500.00美元。出售完成後,董事現在直接持有該公司394,994股股票,價值21,922,167美元。關於這次銷售的披露可以找到這裡。在過去的90天裡,內部人士總共賣出了374,481股公司股票,價值21,446,276美元。2.90%的股份目前由公司內部人士持有。
Terex的機構交易
一些對沖基金最近改變了他們在德州的頭寸。挪威銀行在第四季度購買了價值約30,229,000美元的特雷克斯新股。聯合愛馬仕公司在第二季度將其持有的特雷克斯股票頭寸提高了579.5%。聯合愛馬仕公司目前持有這家工業產品公司664,258股股票,價值18,182,000美元,上個季度又購買了566,507股。復興科技有限責任公司在第一季度將其在特雷克斯股票的頭寸提高了110.8%。復興科技有限責任公司現在擁有這家工業產品公司833,600股票,價值29,726,000美元,上個季度又購買了438,200股票。貝萊德股份有限公司在第一季度將其持有的特雷克斯股票頭寸提高了5.3%。貝萊德股份有限公司現在持有這家工業產品公司8,373,481股股票,價值298,598,000美元,上個季度又購買了417,925股。最後,Balyasny Asset Management LLC在第三季度將其在特雷克斯股票的頭寸提高了886.5%。Balyasny Asset Management LLC現在持有這家工業產品公司379,369股股票,價值11,282,000美元,上個季度又購買了340,911股。87.37%的股票由對沖基金和其他機構投資者持有。
關於特雷克斯
(獲取評級)
特雷克斯公司從事高空作業平臺、起重機和材料加工機械的製造。它通過材料加工和高空作業平臺部門進行運營。材料加工部門設計、製造、服務和營銷材料加工和設備,包括破碎機、洗滌系統、篩網、停機坪給料機、材料搬運機、拾取和搬運起重機、崎嶇地形起重機、塔式起重機、木材加工、生物質和回收設備、混凝土攪拌車和混凝土攤鋪機、傳送帶及其相關部件和替換部件。
另請參閱
- 免費獲取StockNews.com關於特雷克斯(Tex)的研究報告
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