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
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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(纽约证券交易所代码:TEX-GET)股价上周五下跌5.6%。该公司股价最低跌至46.65美元,最新报46.90美元。326,881股股票在交易中成交,较881,183股的平均成交量下降了63%。该股此前收盘报49.68美元。
分析师评级发生变化
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)的一份报告中将特雷克斯股票的目标价从52.00美元上调至54.00美元,并给予该股“同等权重”的评级。罗伯特·W·贝尔德在12月13日(星期二)的一份报告中将特雷克斯股票的目标价从37.00美元上调至46.00美元,并给予该股“中性”评级。在周五的一份报告中,美国银行将特雷克斯的股票评级从“买入”下调至“中性”,并将该股的目标价从66.00美元下调至54.00美元。瑞士信贷集团在2月13日周一的一份报告中将特雷克斯股票的目标价从50.00美元上调至59.00美元,并给予该股“中性”评级。最后,巴克莱在2月13日星期一的一份报告中将特雷克斯股票的目标价从38.00美元上调至56.00美元,并给予该股“同等权重”的评级。8名分析师对该股的评级为持有,4名分析师对该公司的评级为买入。根据MarketBeat的数据,特雷克斯目前的平均评级为持有,平均目标价为55.45美元。
到达特雷克斯警报:特雷克斯股票表现
该公司的负债权益比率为0.65,速动比率为0.97,流动比率为1.96。该公司的50日简单移动均线切入位在52.65美元,200日简单移动均线切入位在43.41美元。该股市值为30.6亿美元,市盈率为10.44倍,市盈率为0.54倍,贝塔系数为1.67。
特雷克斯(纽约证券交易所代码:TEX-GET Rating)上一次公布季度收益数据是在2月10日星期五。这家工业产品公司公布本季度每股收益为1.34美元,比普遍预期的1.13美元高出0.21美元。特雷克斯的净利润率为6.79%,股本回报率为27.44%。该公司本季度营收为12.2亿美元,而分析师预期为11.亿美元。去年同期,该公司公布的每股收益为0.82美元。该业务当季营收同比增长23.0%。股票研究分析师平均预计,特雷克斯公司本年度每股收益将达到4.89欧元。
特雷克斯增加股息
该公司最近还披露了季度股息,将于3月20日(星期一)支付。3月9日(星期四)登记在册的股东将获得每股0.15美元的股息。与特雷克斯之前的季度派息0.13美元相比,这是一个积极的变化。本次股息除息日为3月8日星期三。这意味着年化股息为0.60美元,股息收益率为1.32%。特雷克斯的股息支付率(DPR)为13.82%。
特雷克斯宣布,董事会已于12月19日(星期一)批准了一项股票回购计划,允许该公司回购1.5亿美元的股票。这项回购授权允许工业产品公司通过公开市场购买最多5%的股票。股票回购计划通常是公司董事会认为其股票被低估的迹象。
内部人士下注
在特雷克斯的其他消息中,董事David在一笔日期为2月16日(星期四)的交易中出售了13,000股特雷克斯股票。这些股票的平均价格为55.50美元,总价值为721,500.00美元。交易完成后,董事现在直接拥有该公司394,994股,价值21,922,167美元。这笔交易是在提交给美国证券交易委员会的一份文件中披露的,该文件可通过这个环节。在特雷克斯的其他消息中,首席财务官史蒂芬·约翰斯顿在2月13日星期一的交易中出售了2428股该公司的股票。这些股票的平均价格为55.51美元,总价值为134,778.28美元。交易完成后,首席会计官现在直接拥有该公司12,340股,价值684,993.40美元。这笔交易是在提交给美国证券交易委员会的一份文件中披露的,该文件可通过这个环节。此外,董事David A·萨克斯在2月16日(星期四)的交易中出售了13,000股该股。该股以55.50美元的平均价格出售,总成交金额为721,500.00美元。出售完成后,董事现在直接持有该公司394,994股股票,价值21,922,167美元。关于这次销售的披露可以找到这里。在过去的90天里,内部人士总共卖出了374,481股公司股票,价值21,446,276美元。2.90%的股份目前由公司内部人士持有。
Terex的机构交易
一些对冲基金最近改变了他们在德州的头寸。挪威银行在第四季度购买了价值约30,229,000美元的特雷克斯新股。联合爱马仕公司在第二季度将其持有的特雷克斯股票头寸提高了579.5%。联合爱马仕公司目前持有这家工业产品公司664,258股股票,价值18,182,000美元,上个季度又购买了566,507股。复兴科技有限责任公司在第一季度将其在特雷克斯股票的头寸提高了110.8%。复兴科技有限责任公司现在拥有这家工业产品公司833,600股票,价值29,726,000美元,上个季度又购买了438,200股票。贝莱德股份有限公司在第一季度将其持有的特雷克斯股票头寸提高了5.3%。贝莱德股份有限公司现在持有这家工业产品公司8,373,481股股票,价值298,598,000美元,上个季度又购买了417,925股。最后,Balyasny Asset Management LLC在第三季度将其在特雷克斯股票的头寸提高了886.5%。Balyasny Asset Management LLC现在持有这家工业产品公司379,369股股票,价值11,282,000美元,上个季度又购买了340,911股。87.37%的股票由对冲基金和其他机构投资者持有。
关于特雷克斯
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特雷克斯公司从事高空作业平台、起重机和材料加工机械的制造。它通过材料加工和高空作业平台部门进行运营。材料加工部门设计、制造、服务和营销材料加工和设备,包括破碎机、洗涤系统、筛网、停机坪给料机、材料搬运机、拾取和搬运起重机、崎岖地形起重机、塔式起重机、木材加工、生物质和回收设备、混凝土搅拌车和混凝土摊铺机、传送带及其相关部件和替换部件。
另请参阅
- 免费获取StockNews.com关于特雷克斯(Tex)的研究报告
- 市场回顾周-3/13-3/17
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- 防御性科技投资组合的3只股票
- 从这3头现金母牛身上榨取分红
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