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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拉斯维加斯金沙集团最近提交给美国证券交易委员会(Securities and Exchange Commission,美国证券交易委员会)的文件显示,该公司第四季度增持了特雷克斯公司(纽约证券交易所代码:TEX-GET)4.4%的股份。该公司在本季度额外购买了303股后,持有这家工业产品公司的股票7,237股。截至最近提交给美国证券交易委员会(Securities and Exchange Commission,美国证券交易委员会)的文件,拉斯维加斯金沙集团持有的特雷克斯股份价值309,000美元。
其他一些对冲基金和其他机构投资者最近也改变了他们在德州的头寸。Teza Capital Management LLC在第三季度将其在Terex的持股增加了35.4%。Teza Capital Management LLC现在拥有这家工业产品公司11,958股股票,价值356,000美元,在此期间又购买了3,124股。资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.现在持有这家工业产品公司22,060股股票,价值656,000美元,在此期间又购买了9,041股。福克斯奔跑管理有限公司在第三季度收购了特雷克斯的一个新头寸,价值约26.3万美元。Comerica银行在第三季度将其在Terex的持股增加了1.8%。Comerica银行现在持有这家工业产品公司48,695股股票,价值1,662,000美元,在此期间又购买了880股。最后,水岸财富公司在第三季度增持了45.9%的特雷克斯股份。水岸财富公司现在持有29,865股这家工业产品公司的股票,价值1,107,000美元,在此期间又购买了9,392股。87.37%的股票由机构投资者和对冲基金持有。
到达特雷克斯警报:特雷克斯股票表现
周三,纽约证交所Tex股价下跌0.13美元,至49.15美元。该股有48,657股易手,而其平均成交量为919,103股。该业务的50日移动均线切入位在52.71美元,200日移动均线切入位在43.64美元。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个月高点。该公司市值为33.2亿美元,市盈率为11.35倍,聚乙二醇率为0.49倍,贝塔系数为1.67。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。
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。特雷克斯的股本回报率为27.44%,净利润率为6.79%。该业务本季度营收为12.2亿美元,而分析师预期为11.亿美元。去年同期,该公司每股收益为0.82美元。与去年同期相比,特雷克斯的收入增长了23.0%。作为一个整体,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。
特雷克斯宣布,其董事会已于12月19日(星期一)启动了一项股票回购计划,允许公司回购1.5亿美元的流通股。这项回购授权允许这家工业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该公司董事会认为其股票被低估的迹象。
特雷克斯增加股息
该公司最近还披露了一项季度股息,该股息于3月20日星期一支付。3月9日(星期四)登记在册的股东获得了每股0.15美元的股息。这意味着年化股息为0.60美元,收益率为1.22%。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。本次股息除息日期为3月8日星期三。特雷克斯的股息支付率为13.82%。
特雷克斯的内幕买卖
在特雷克斯的其他消息中,首席财务官斯蒂芬·约翰斯顿在2月13日星期一的一次交易中出售了2428股特雷克斯股票。该股以55.51美元的平均价格出售,总成交金额为134,778.28美元。交易完成后,首席会计官现在直接持有公司股票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,该文件可通过美国证券交易委员会网站。在其他新闻方面,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。这只股票的平均售价为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持有公司股票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,该文件可通过此超链接。另外,首席执行官约翰·L·加里森,Jr.在2月14日星期二的一次交易中出售了15万股该公司的股票。股票以56.16美元的平均价格出售,总价值为8,424,000.00美元。交易完成后,首席执行官现在直接拥有646,609股公司股票,价值36,313,561.44美元。关于这次销售的披露可以找到这里。在过去的90天里,内部人士抛售了374,481股公司股票,价值21,446,276美元。公司内部人士持有该公司2.50%的股份。
华尔街分析师也加入进来
几位分析师最近对该公司发表了评论。12月15日星期四,高盛夫妇将特雷克斯的目标价从39.00美元上调至43.00美元,并在一份研究报告中给予该股“中性”评级。摩根大通在2月13日周一的一份研究报告中将特雷克斯的目标价从48.00美元上调至55.00美元,并给予该股“增持”评级。摩根士丹利在2月13日周一的一份研究报告中将特雷克斯的目标价从52.00美元上调至54.00美元,并给予该股“同等权重”的评级。瑞士信贷集团在2月13日星期一的一份研究报告中将Terex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,美国银行在3月17日星期五的一份研究报告中将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。8名股票研究分析师对该股的评级为持有,4名分析师对该股的评级为买入。根据MarketBeat的数据,该公司目前的共识评级为持有,共识目标价为55.45美元。
特雷克斯公司简介
(获取评级)
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
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