Terex Corporation (TEX) Expected to Announce Quarterly Sales of $1.03 Billion

Other large investors also recently made changes to their positions in the company. Aperio Group LLC grew its holdings in shares of Terex Corporation by 3.5% during the third quarter. Hedge funds and other institutional investors own 89.20% of the company's stock. Sei Investments Co. raised its stake in Terex Corporation by 19.5% during the 2nd quarter. TIAA CREF Investment Management LLC boosted its stake in Terex Corporation by 105.3% in the second quarter.

At the moment, the top institutional investor at Terex Corporation (TEX) is BLACKROCK INC., which now holds 7,951,039 shares. Oakbrook Investments LLC bought a new stake in shares of Terex Corporation during the third quarter worth $320,000. Jennison Associates LLC now owns 1,071,708 shares of the industrial products company's stock valued at $40,189,000 after acquiring an additional 591,334 shares in the last quarter.

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Shares of Terex Corporation (NYSE TEX) opened at 47.03 on Friday. At the moment, Terex Corporation (TEX) has billion shares outstanding. Finally, Wells Fargo & Company set a $52.00 price target on Terex Corporation and gave the company a "buy" rating in a research note on Monday, October 16th. UBS AG set a $52.00 target price on Terex Corporation and gave the stock a "buy" rating in a report on Wednesday, October 11th. TheStreet upgraded Terex Corporation from a "c" rating to a "b" rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada restated a "hold" rating and set a $38.00 price target on shares of Terex Corporation in a research report on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. At the moment, the average analyst price target is $45.88.

Terex Corporation (NYSE TEX) traded up $0.07 during trading hours on Tuesday, hitting $44.62. The overall volume in the last trading session was 1.4 million shares. The firm has a market cap of $3.35 billion, a PE ratio of 32.23 and a beta of 2.42. The company has a quick ratio of 1.53, a current ratio of 2.42 and a debt-to-equity ratio of 0.71. Terex Corporation has a 1-year low of $27.35 and a 1-year high of $48.86.

Terex Corporation (NYSE:TEX) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.03. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.03 billion. Terex Corporation had a negative net margin of 2.62% and a positive return on equity of 7.01%. The business's revenue was up 5.2% compared to the same quarter previous year.

On average, analysts expect that Terex Corporation will report full-year sales of $1.03 billion for the current financial year, with estimates ranging from $4.15 billion to $4.33 billion.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Also, insider Kenneth D. Lousberg sold 35,000 shares of Terex Corporation stock in a transaction on Wednesday, November 9th.

On a similar note, analysts expect EPS of $0.25 in December 2017 quarter and $0.26 in March 2018 quarter, representing 257.14% and 420% growth, respectively. Terex Corporation's dividend payout ratio (DPR) is presently -50.79%.

Terex Corporation announced that its board has initiated a share buyback plan on Wednesday, September 6th that allows the company to repurchase $225.00 million in shares. BlackRock Institutional Trust Company N.A. now owns 3,134,327 shares of the company's stock worth $63,658,000 after buying an additional 73,134 shares in the last quarter. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued. Of those insider trades, 6,773 shares of Terex Corporation were purchased and 120,934 shares were sold. The stock was sold at an average price of $38.00, for a total transaction of $494,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 4,204 shares of company stock worth $165,715 and sold 64,723 shares worth $2,665,476.

There is a lot of insight to be gained about how a publicly-traded business is performing financially by seeing the buying and selling of its insiders, which is a term referring to the directors and senior officers - or any person or group that owns more than 10% of the business' total voting shares. The disclosure for this sale can be found here. In the past year there have been a total of 213 insider trades, including 86 open market buys and 127 sells.

"Shares outstanding" refers to the total number of shares of a public company held by any individual or group, including institutional investors as well as company insiders and officers.

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