Terex Corporation (TEX) Stake Held by Rothschild Investment Corp IL

Rothschild Investment Corp IL continued to hold its stake in shares of Terex Corporation (NYSE:TEX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,700 shares of the industrial products company’s stock at the end of the second quarter. Rothschild Investment Corp IL’s holdings in Terex Corporation were worth $1,414,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TEX. BlackRock Inc. boosted its position in Terex Corporation by 11,851.5% in the first quarter. BlackRock Inc. now owns 8,449,356 shares of the industrial products company’s stock worth $265,310,000 after buying an additional 8,378,659 shares during the period. Alliancebernstein L.P. boosted its position in Terex Corporation by 160.8% in the first quarter. Alliancebernstein L.P. now owns 3,095,591 shares of the industrial products company’s stock worth $97,202,000 after buying an additional 1,908,447 shares during the period. Norges Bank purchased a new position in Terex Corporation during the fourth quarter worth $34,781,000. Dimensional Fund Advisors LP boosted its position in Terex Corporation by 17.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,444,169 shares of the industrial products company’s stock worth $202,346,000 after buying an additional 943,237 shares during the period. Finally, Columbus Circle Investors purchased a new position in Terex Corporation during the first quarter worth $27,629,000. 99.28% of the stock is owned by hedge funds and other institutional investors.

Terex Corporation (TEX) traded down 0.48% during midday trading on Friday, reaching $37.53. 1,524,861 shares of the company were exchanged. The firm has a 50-day moving average price of $38.35 and a 200-day moving average price of $34.12. Terex Corporation has a 52 week low of $21.88 and a 52 week high of $40.24. The company’s market capitalization is $3.36 billion.

Terex Corporation (NYSE:TEX) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Terex Corporation had a positive return on equity of 4.98% and a negative net margin of 1.76%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. Equities research analysts anticipate that Terex Corporation will post $1.15 earnings per share for the current fiscal year.

Terex Corporation announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 30th that authorizes the company to buyback $280.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 8.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Wednesday, August 9th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, August 7th. Terex Corporation’s payout ratio is -50.79%.

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Several analysts have commented on the stock. Goldman Sachs Group, Inc. (The) cut shares of Terex Corporation from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Thursday, June 15th. Deutsche Bank AG set a $44.00 price target on shares of Terex Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $40.00 price target (up previously from $38.00) on shares of Terex Corporation in a research note on Thursday, May 4th. TheStreet upgraded shares of Terex Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co upgraded shares of Terex Corporation from a “neutral” rating to an “overweight” rating and upped their target price for the company from $30.00 to $47.00 in a research report on Tuesday, April 25th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.63.

In related news, insider Steve Filipov sold 4,564 shares of Terex Corporation stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $38.22, for a total transaction of $174,436.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eric I. Cohen sold 3,392 shares of Terex Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $39.23, for a total transaction of $133,068.16. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,224 shares of company stock worth $44,403 and sold 85,464 shares worth $3,167,075. Company insiders own 2.50% of the company’s stock.

About Terex Corporation

Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries.

Institutional Ownership by Quarter for Terex Corporation (NYSE:TEX)

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