LVZ Inc. Has $309,000 Stock Holdings in Terex Co. (NYSE:TEX)
LVZ Inc. Has $309,000 Stock Holdings in Terex Co. (NYSE:TEX)
LVZ Inc. grew its holdings in Terex Co. (NYSE:TEX – Get Rating) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,237 shares of the industrial products company's stock after purchasing an additional 303 shares during the quarter. LVZ Inc.'s holdings in Terex were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in TEX. Teza Capital Management LLC raised its stake in Terex by 35.4% during the 3rd quarter. Teza Capital Management LLC now owns 11,958 shares of the industrial products company's stock worth $356,000 after buying an additional 3,124 shares during the period. Capital Fund Management S.A. raised its stake in Terex by 69.4% during the 3rd quarter. Capital Fund Management S.A. now owns 22,060 shares of the industrial products company's stock worth $656,000 after buying an additional 9,041 shares during the period. Fox Run Management L.L.C. acquired a new position in Terex during the 3rd quarter worth approximately $263,000. Comerica Bank raised its stake in Terex by 1.8% during the 3rd quarter. Comerica Bank now owns 48,695 shares of the industrial products company's stock worth $1,662,000 after buying an additional 880 shares during the period. Finally, Waterfront Wealth Inc. raised its stake in Terex by 45.9% during the 3rd quarter. Waterfront Wealth Inc. now owns 29,865 shares of the industrial products company's stock worth $1,107,000 after buying an additional 9,392 shares during the period. 87.37% of the stock is owned by institutional investors and hedge funds.
Get Terex alerts:Terex Stock Performance
NYSE TEX traded down $0.13 on Wednesday, hitting $49.15. 48,657 shares of the stock traded hands, compared to its average volume of 919,103. The business's fifty day moving average is $52.71 and its two-hundred day moving average is $43.64. Terex Co. has a 12 month low of $26.64 and a 12 month high of $60.85. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.49 and a beta of 1.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 1.96.
Terex (NYSE:TEX – Get Rating) last announced 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 return on equity of 27.44% and a net margin of 6.79%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company earned $0.82 earnings per share. Terex's revenue was up 23.0% compared to the same quarter last year. As a group, equities analysts anticipate that Terex Co. will post 4.89 EPS for the current fiscal year.
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 outstanding shares. This repurchase authorization allows the industrial products company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.
Terex Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Thursday, March 9th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.22%. This is a positive change from Terex's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, March 8th. Terex's dividend payout ratio is 13.82%.
Insider Buying and Selling at Terex
In other Terex news, CAO Stephen Johnston sold 2,428 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $55.51, for a total transaction of $134,778.28. Following the completion of the transaction, the chief accounting officer now directly owns 12,340 shares of the company's stock, valued at $684,993.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Stephen Johnston sold 2,428 shares of the firm's stock in a transaction on Monday, February 13th. The stock was 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 of the company's stock, valued at $684,993.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John L. Garrison, Jr. sold 150,000 shares of the firm's stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $56.16, for a total value of $8,424,000.00. Following the completion of the transaction, the chief executive officer now directly owns 646,609 shares of the company's stock, valued at $36,313,561.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 374,481 shares of company stock valued at $21,446,276. Company insiders own 2.50% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Terex from $39.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday, December 15th. JPMorgan Chase & Co. increased their price objective on Terex from $48.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, February 13th. Morgan Stanley increased their price objective on Terex from $52.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Monday, February 13th. Credit Suisse Group increased their price objective on Terex from $50.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, February 13th. Finally, Bank of America downgraded Terex from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $66.00 to $54.00 in a research note on Friday, March 17th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $55.45.
Terex Company 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.
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拉斯維加斯金沙集團最近提交給美國證券交易委員會(Securities and Exchange Commission,美國證券交易委員會)的檔案顯示,該公司第四季度增持了特雷克斯公司(紐約證券交易所代碼:TEX-GET)4.4%的股份。該公司在本季度額外購買了303股後,持有這家工業產品公司的股票7,237股。截至最近提交給美國證券交易委員會(Securities and Exchange Commission,美國證券交易委員會)的檔案,拉斯維加斯金沙集團持有的特雷克斯股份價值309,000美元。
其他一些對沖基金和其他機構投資者最近也改變了他們在德州的頭寸。Teza Capital Management LLC在第三季度將其在Terex的持股增加了35.4%。Teza Capital Management LLC現在擁有這家工業產品公司11,958股股票,價值356,000美元,在此期間又購買了3,124股。資本基金管理公司在第三季度增持了特雷克斯69.4%的股份。Capital Fund Management S.A.現在持有這家工業產品公司22,060股股票,價值656,000美元,在此期間又購買了9,041股。福克斯奔跑管理有限公司在第三季度收購了特雷克斯的一個新頭寸,價值約26.3萬美元。Comerica銀行在第三季度將其在Terex的持股增加了1.8%。Comerica銀行現在持有這家工業產品公司48,695股股票,價值1,662,000美元,在此期間又購買了880股。最後,水岸財富公司在第三季度增持了45.9%的特雷克斯股份。水岸財富公司現在持有29,865股這家工業產品公司的股票,價值1,107,000美元,在此期間又購買了9,392股。87.37%的股票由機構投資者和對沖基金持有。
到達特雷克斯警報:特雷克斯股票表現
週三,紐約證交所Tex股價下跌0.13美元,至49.15美元。該股有48,657股易手,而其平均成交量為919,103股。該業務的50日移動均線切入位在52.71美元,200日移動均線切入位在43.64美元。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個月高點。該公司市值為33.2億美元,本益比為11.35倍,聚乙二醇率為0.49倍,貝塔係數為1.67。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。
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。特雷克斯的股本回報率為27.44%,淨利潤率為6.79%。該業務本季度營收為12.2億美元,而分析師預期為11.億美元。去年同期,該公司每股收益為0.82美元。與去年同期相比,特雷克斯的收入增長了23.0%。作為一個整體,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。
特雷克斯宣佈,其董事會已於12月19日(星期一)啟動了一項股票回購計劃,允許公司回購1.5億美元的流通股。這項回購授權允許這家工業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該公司董事會認為其股票被低估的跡象。
特雷克斯增加股息
該公司最近還披露了一項季度股息,該股息於3月20日星期一支付。3月9日(星期四)登記在冊的股東獲得了每股0.15美元的股息。這意味著年化股息為0.60美元,收益率為1.22%。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。本次股息除息日期為3月8日星期三。特雷克斯的股息支付率為13.82%。
特雷克斯的內幕買賣
在特雷克斯的其他消息中,首席財務官斯蒂芬·約翰斯頓在2月13日星期一的一次交易中出售了2428股特雷克斯股票。該股以55.51美元的平均價格出售,總成交金額為134,778.28美元。交易完成後,首席會計官現在直接持有公司股票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,該檔案可通過美國證券交易委員會網站。在其他新聞方面,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。這只股票的平均售價為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持有公司股票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,該檔案可通過此超鏈接。另外,首席執行官約翰·L·加裡森,Jr.在2月14日星期二的一次交易中出售了15萬股該公司的股票。股票以56.16美元的平均價格出售,總價值為8,424,000.00美元。交易完成後,首席執行官現在直接擁有646,609股公司股票,價值36,313,561.44美元。關於這次銷售的披露可以找到這裡。在過去的90天裡,內部人士拋售了374,481股公司股票,價值21,446,276美元。公司內部人士持有該公司2.50%的股份。
華爾街分析師也加入進來
幾位分析師最近對該公司發表了評論。12月15日星期四,高盛夫婦將特雷克斯的目標價從39.00美元上調至43.00美元,並在一份研究報告中給予該股“中性”評級。摩根大通在2月13日週一的一份研究報告中將特雷克斯的目標價從48.00美元上調至55.00美元,並給予該股“增持”評級。摩根士丹利在2月13日週一的一份研究報告中將特雷克斯的目標價從52.00美元上調至54.00美元,並給予該股“同等權重”的評級。瑞士信貸集團在2月13日星期一的一份研究報告中將Terex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,美國銀行在3月17日星期五的一份研究報告中將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。8名股票研究分析師對該股的評級為持有,4名分析師對該股的評級為買入。根據MarketBeat的數據,該公司目前的共識評級為持有,共識目標價為55.45美元。
特雷克斯公司簡介
(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。
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