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
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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.
Read More
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根据Perigon Wealth Management LLC最近提交给美国证券交易委员会(Securities&Exchange Commission)的文件,该公司在第三季度收购了Terex Co.(NYSE:TEX-GET Rating)的新股票头寸。该基金购买了这家工业产品公司的8,486股股票,价值约252,000美元。
其他几家对冲基金和其他机构投资者也改变了他们在德州的头寸。Raymond James&Associates在第一季度将其在特雷克斯股票的头寸增加了17.7%。Raymond James&Associates现在持有这家工业产品公司39,745股股票,价值1,417,000美元,在此期间又购买了5,990股。剑桥投资研究顾问公司在第一季度收购了价值约291,000美元的特雷克斯股票。第一季度,PNC金融服务集团将其持有的特雷克斯股票头寸提高了106.6%。PNC金融服务集团现在持有这家工业产品公司10,369股股票,价值368,000美元,在此期间又购买了5,351股。Acadian Asset Management LLC在第一季度将其在Terex的持股增加了42.6%。Acadian Asset Management LLC在上个季度购买了1,488股Acadian Asset Management LLC股票后,现在持有这家工业产品公司4984股股票,价值17.7万美元。最后,大都会人寿投资管理有限公司在第一季度将其在Terex的持股增加了40.1%。大都会人寿投资管理有限责任公司现在持有这家工业产品公司80,649股股票,价值2,876,000美元,上个季度又购买了23,093股。87.37%的股票目前由机构投资者和对冲基金持有。
到达特雷克斯警报:分析师评级发生变化
几家券商最近对德州发表了评论。StockNews.com在周四的一份报告中开始对Terex进行报道。他们对该股设定了“买入”评级。美国银行在周五的一份报告中将Terex的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。德意志银行Aktiengesellschaft在2月13日(周一)的一份报告中将Terex的目标价从40.00美元上调至51.00美元,并给予该股“持有”评级。摩根大通在2月13日周一的一份报告中将特雷克斯的目标价从48.00美元上调至55.00美元,并给予该公司“增持”评级。最后,KeyCorp在2月13日星期一的一份报告中将Terex的目标价从56.00美元上调至72.00美元,并给予该公司“增持”评级。八名投资分析师对该股的评级为持有,四名分析师对该公司股票的评级为买入。根据MarketBeat的数据,特雷克斯目前的共识评级为持有,共识目标价为55.45美元。
内幕活动
其他新闻,首席执行官小约翰·L·加里森。在3月6日星期一的一次交易中出售了8,907股该公司的股票。这些股票的平均价格为60.00美元,总成交额为534,420.00美元。交易完成后,这位首席执行官现在直接拥有该公司436,280股票,价值约26,176,800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,该文件可在此超链接。在相关新闻中,首席财务官史蒂芬·约翰斯顿在2月13日星期一的一次交易中出售了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。出售完成后,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,该文件可在美国证券交易委员会网站。另外,首席执行官约翰·L·加里森,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美元的平均价格出售,总成交金额为534,420.00美元。出售完成后,首席执行官现在拥有436,280股公司股票,价值26,176,800美元。关于这次销售的披露可以找到这里。在过去的90天里,内部人士总共出售了374,481股公司股票,价值21,446,276美元。企业内部人士持有该公司2.90%的股份。
特雷克斯性价比
纽约证券交易所:德州证券交易所的股票上周五开盘报45.31美元。该公司的50日移动均线切入位在52.65美元,200日移动均线切入位在43.41美元。该公司的速动比率为0.97,流动比率为1.96,债务权益比率为0.65。特雷克斯公司股价跌至26.64美元的12个月低点和60.85美元的12个月高位。该公司市值为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)上一次公布收益结果是在2月10日星期五。这家工业产品公司公布本季度每股收益(EPS)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,而市场普遍预期为11.亿美元。去年同期,该业务每股收益为0.82美元。该公司的收入同比增长了23.0%。股票分析师预计,特雷克斯公司本财年每股收益将达到4.89欧元。
特雷克斯增加股息
该公司最近还宣布了季度股息,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。这比特雷克斯之前的季度股息0.13美元有所提振。这意味着年化股息为0.60美元,股息收益率为1.32%。本次股息除息日为3月8日星期三。特雷克斯目前的派息率为13.82%。
特雷克斯宣布,董事会已于12月19日(星期一)启动了一项股票回购计划,允许公司回购1.5亿美元的股票。这项回购授权允许这家工业产品公司通过公开市场购买回购最多5%的股票。股票回购计划通常是公司管理层认为其股票被低估的迹象。
特雷克斯配置文件
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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。
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