Terex Corporation (NYSE:TEX)’s Stock Is Buy After Less Market Selling

July 14, 2018 - By Robert Sims

Terex Corporation (NYSE:TEX) Logo

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.06, from 0.91 in 2017Q4. It dropped, as 53 investors sold Terex Corporation shares while 83 reduced holdings. 42 funds opened positions while 74 raised stakes. 72.57 million shares or 4.56% less from 76.03 million shares in 2017Q4 were reported.
Tci Wealth Advsrs Inc holds 88 shares. Stratos Wealth Partners owns 10,700 shares or 0.02% of their US portfolio. Gsa Cap Limited Liability Partnership has invested 0.04% of its portfolio in Terex Corporation (NYSE:TEX). Barclays Public Ltd Company stated it has 163,990 shares. 46,646 were reported by Cna Fincl Corp. Moreover, Amundi Pioneer Asset Mngmt Inc has 0.01% invested in Terex Corporation (NYSE:TEX). Systematic Financial Management L P has 0.99% invested in Terex Corporation (NYSE:TEX). Architects has 1,325 shares. Brighton Jones Ltd Liability Company owns 48,716 shares. Federated Investors Pa invested 0% in Terex Corporation (NYSE:TEX). Captrust Finance reported 76 shares. Stanley Ltd Liability Corp holds 2.22% or 131,324 shares. Atlantic Trust Group Inc Limited Liability Company stated it has 148 shares or 0% of all its holdings. Profund Advsr Limited Liability reported 0.01% in Terex Corporation (NYSE:TEX). Vantage Inv Advsrs Ltd Llc accumulated 0% or 219 shares.

Since January 25, 2018, it had 16 insider purchases, and 9 selling transactions for $4.68 million activity. Clair Mark I had sold 11,737 shares worth $449,879 on Thursday, May 3. $12,759 worth of Terex Corporation (NYSE:TEX) was bought by SHEEHAN JOHN D on Monday, June 11. FEARON MATTHEW sold $1.20M worth of stock. $505,081 worth of Terex Corporation (NYSE:TEX) was sold by COHEN ERIC I. Shares for $203,750 were sold by HENRY BRIAN J. 16,214 shares were sold by CHOLMONDELEY PAULA H, worth $669,476.

The stock of Terex Corporation (NYSE:TEX) registered a decrease of 0.78% in short interest. TEX’s total short interest was 8.44M shares in July as published by FINRA. Its down 0.78% from 8.51M shares, reported previously. With 1.28 million shares average volume, it will take short sellers 7 days to cover their TEX’s short positions. The short interest to Terex Corporation’s float is 10.68%.

The stock increased 3.27% or $1.43 during the last trading session, reaching $45.15. About 1.70M shares traded or 11.90% up from the average. Terex Corporation (NYSE:TEX) has risen 24.02% since July 14, 2017 and is uptrending. It has outperformed by 11.45% the S&P500.

Terex Corporation manufactures and sells lifting and material processing products worldwide. The company has market cap of $3.43 billion. The firm operates through three divisions: Aerial Work Platforms , Cranes, and Materials Processing (MP). It has a 21.89 P/E ratio. The AWP segment designs, makes, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brand names.

Terex Corporation (NYSE:TEX) Ratings Coverage

Among 12 analysts covering Terex Corp (NYSE:TEX), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Terex Corp has $62 highest and $40 lowest target. $46.78’s average target is 3.61% above currents $45.15 stock price. Terex Corp had 18 analyst reports since January 18, 2018 according to SRatingsIntel. As per Tuesday, April 17, the company rating was maintained by RBC Capital Markets. Robert W. Baird maintained Terex Corporation (NYSE:TEX) on Friday, April 13 with “Hold” rating. Credit Suisse maintained Terex Corporation (NYSE:TEX) on Thursday, February 15 with “Outperform” rating. As per Thursday, January 18, the company rating was maintained by Jefferies. The firm earned “Equal-Weight” rating on Thursday, May 3 by Morgan Stanley. The stock of Terex Corporation (NYSE:TEX) earned “Buy” rating by Wells Fargo on Monday, April 16. The rating was upgraded by Evercore to “Outperform” on Monday, May 7. Jefferies upgraded the shares of TEX in report on Thursday, June 21 to “Buy” rating. The stock has “Sell” rating by Goldman Sachs on Thursday, June 14. The firm has “Hold” rating given on Thursday, February 15 by Deutsche Bank.

Another recent and important Terex Corporation (NYSE:TEX) news was published by Globenewswire.com which published an article titled: “Terex Announces Quarterly Dividend” on July 12, 2018.

Terex Corporation (NYSE:TEX) Institutional Positions Chart

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