Perigon Wealth Management LLC Invests $252,000 in Terex Co. (NYSE:TEX)
Perigon Wealth Management LLC Invests $252,000 in Terex Co. (NYSE:TEX)
Perigon Wealth Management LLC acquired a new position in shares of Terex Co. (NYSE:TEX – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,486 shares of the industrial products company's stock, valued at approximately $252,000.
Several other hedge funds and other institutional investors have also made changes to their positions in TEX. Raymond James & Associates boosted its position in shares of Terex by 17.7% during the first quarter. Raymond James & Associates now owns 39,745 shares of the industrial products company's stock worth $1,417,000 after buying an additional 5,990 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Terex during the first quarter worth approximately $291,000. PNC Financial Services Group Inc. boosted its position in shares of Terex by 106.6% during the first quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the industrial products company's stock worth $368,000 after buying an additional 5,351 shares during the period. Acadian Asset Management LLC raised its holdings in Terex by 42.6% during the first quarter. Acadian Asset Management LLC now owns 4,984 shares of the industrial products company's stock worth $177,000 after purchasing an additional 1,488 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Terex by 40.1% during the first quarter. MetLife Investment Management LLC now owns 80,649 shares of the industrial products company's stock worth $2,876,000 after purchasing an additional 23,093 shares in the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.
Get Terex alerts:Analyst Ratings Changes
Several brokerages recently commented on TEX. StockNews.com began coverage on Terex in a report on Thursday. They set a "buy" rating on the stock. Bank of America cut Terex from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $66.00 to $54.00 in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Terex from $40.00 to $51.00 and gave the stock a "hold" rating in a report on Monday, February 13th. JPMorgan Chase & Co. upped their price target on Terex from $48.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, February 13th. Finally, KeyCorp upped their price target on Terex from $56.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, February 13th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Terex currently has a consensus rating of "Hold" and a consensus target price of $55.45.
Insider Activity
In other news, CEO John L. Garrison, Jr. sold 8,907 shares of the business's stock in a transaction on Monday, March 6th. The shares were sold at an average price of $60.00, for a total transaction of $534,420.00. Following the transaction, the chief executive officer now directly owns 436,280 shares in the company, valued at approximately $26,176,800. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Stephen Johnston sold 2,428 shares of the company's stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO John L. Garrison, Jr. sold 8,907 shares of the company's stock in a transaction on Monday, March 6th. The stock was sold at an average price of $60.00, for a total transaction of $534,420.00. Following the completion of the sale, the chief executive officer now owns 436,280 shares of the company's stock, valued at $26,176,800. The disclosure for this sale can be found here. Insiders have sold a total of 374,481 shares of company stock worth $21,446,276 in the last ninety days. Corporate insiders own 2.90% of the company's stock.
Terex Price Performance
Shares of NYSE:TEX opened at $45.31 on Friday. The company's fifty day moving average is $52.65 and its two-hundred day moving average is $43.41. The company has a quick ratio of 0.97, a current ratio of 1.96 and a debt-to-equity ratio of 0.65. Terex Co. has a 12-month low of $26.64 and a 12-month high of $60.85. The company has a market cap of $3.06 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.54 and a beta of 1.67.
Terex (NYSE:TEX – Get Rating) last announced its earnings results on Friday, February 10th. The industrial products company reported $1.34 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $0.82 EPS. The company's revenue was up 23.0% on a year-over-year basis. Equities analysts expect that Terex Co. will post 4.89 earnings per share for the current fiscal year.
Terex Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Thursday, March 9th will be issued a dividend of $0.15 per share. This is a boost from Terex's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, March 8th. Terex's payout ratio is currently 13.82%.
Terex announced that its Board of Directors has initiated a share buyback program on Monday, December 19th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.
Terex Profile
(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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根據Perigon Wealth Management LLC最近提交給美國證券交易委員會(Securities&Exchange Commission)的檔案,該公司在第三季度收購了Terex Co.(NYSE:TEX-GET Rating)的新股票頭寸。該基金購買了這家工業產品公司的8,486股股票,價值約252,000美元。
其他幾家對沖基金和其他機構投資者也改變了他們在德州的頭寸。Raymond James&Associates在第一季度將其在特雷克斯股票的頭寸增加了17.7%。Raymond James&Associates現在持有這家工業產品公司39,745股股票,價值1,417,000美元,在此期間又購買了5,990股。劍橋投資研究顧問公司在第一季度收購了價值約291,000美元的特雷克斯股票。第一季度,PNC金融服務集團將其持有的特雷克斯股票頭寸提高了106.6%。PNC金融服務集團現在持有這家工業產品公司10,369股股票,價值368,000美元,在此期間又購買了5,351股。Acadian Asset Management LLC在第一季度將其在Terex的持股增加了42.6%。Acadian Asset Management LLC在上個季度購買了1,488股Acadian Asset Management LLC股票後,現在持有這家工業產品公司4984股股票,價值17.7萬美元。最後,大都會人壽投資管理有限公司在第一季度將其在Terex的持股增加了40.1%。大都會人壽投資管理有限責任公司現在持有這家工業產品公司80,649股股票,價值2,876,000美元,上個季度又購買了23,093股。87.37%的股票目前由機構投資者和對沖基金持有。
到達特雷克斯警報:分析師評級發生變化
幾家券商最近對德州發表了評論。StockNews.com在週四的一份報告中開始對Terex進行報道。他們對該股設定了“買入”評級。美國銀行在週五的一份報告中將Terex的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。德意志銀行Aktiengesellschaft在2月13日(週一)的一份報告中將Terex的目標價從40.00美元上調至51.00美元,並給予該股“持有”評級。摩根大通在2月13日週一的一份報告中將特雷克斯的目標價從48.00美元上調至55.00美元,並給予該公司“增持”評級。最後,KeyCorp在2月13日星期一的一份報告中將Terex的目標價從56.00美元上調至72.00美元,並給予該公司“增持”評級。八名投資分析師對該股的評級為持有,四名分析師對該公司股票的評級為買入。根據MarketBeat的數據,特雷克斯目前的共識評級為持有,共識目標價為55.45美元。
內幕活動
其他新聞,首席執行官小約翰·L·加裡森。在3月6日星期一的一次交易中出售了8,907股該公司的股票。這些股票的平均價格為60.00美元,總成交額為534,420.00美元。交易完成後,這位首席執行官現在直接擁有該公司436,280股票,價值約26,176,800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,該檔案可在此超鏈接。在相關新聞中,首席財務官史蒂芬·約翰斯頓在2月13日星期一的一次交易中出售了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。出售完成後,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,該檔案可在美國證券交易委員會網站。另外,首席執行官約翰·L·加裡森,Jr.在3月6日星期一的一次交易中出售了8,907股公司股票。股票以60.00美元的平均價格出售,總成交金額為534,420.00美元。出售完成後,首席執行官現在擁有436,280股公司股票,價值26,176,800美元。關於這次銷售的披露可以找到這裡。在過去的90天裡,內部人士總共出售了374,481股公司股票,價值21,446,276美元。企業內部人士持有該公司2.90%的股份。
特雷克斯性價比
紐約證券交易所:德州證券交易所的股票上週五開盤報45.31美元。該公司的50日移動均線切入位在52.65美元,200日移動均線切入位在43.41美元。該公司的速動比率為0.97,流動比率為1.96,債務權益比率為0.65。特雷克斯公司股價跌至26.64美元的12個月低點和60.85美元的12個月高位。該公司市值為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)上一次公佈收益結果是在2月10日星期五。這家工業產品公司公佈本季度每股收益(EPS)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,而市場普遍預期為11.億美元。去年同期,該業務每股收益為0.82美元。該公司的收入同比增長了23.0%。股票分析師預計,特雷克斯公司本財年每股收益將達到4.89歐元。
特雷克斯增加股息
該公司最近還宣佈了季度股息,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。這位元雷克斯之前的季度股息0.13美元有所提振。這意味著年化股息為0.60美元,股息收益率為1.32%。本次股息除息日為3月8日星期三。特雷克斯目前的派息率為13.82%。
特雷克斯宣佈,董事會已於12月19日(星期一)啟動了一項股票回購計劃,允許公司回購1.5億美元的股票。這項回購授權允許這家工業產品公司通過公開市場購買回購最多5%的股票。股票回購計劃通常是公司管理層認為其股票被低估的跡象。
特雷克斯配置檔案
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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。
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