Terex Corporation (TEX) : Oldfield Partners Llp reduced its stake in Terex Corporation by 14.5% during the most recent quarter end. The investment management company now holds a total of 51,300 shares of Terex Corporation which is valued at $1,210,167 after selling 8,700 shares in Terex Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Terex Corporation makes up approximately 0.09% of Oldfield Partners Llp’s portfolio.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in TEX by selling 3,353 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 83,496 shares of TEX which is valued at $1,969,671. Terex Corporation makes up approx 0.03% of Texas Permanent School Fund’s portfolio.Barrow Hanley Mewhinney Strauss reduced its stake in TEX by selling 38,470 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 3,209,543 shares of TEX which is valued at $76,226,646. Terex Corporation makes up approx 0.11% of Barrow Hanley Mewhinney Strauss’s portfolio. Turner Investments sold out all of its stake in TEX during the most recent quarter. The investment firm sold 22,000 shares of TEX which is valued $539,000.Rothschild Investment Corp Il reduced its stake in TEX by selling 1,200 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 38,900 shares of TEX which is valued at $864,747. Terex Corporation makes up approx 0.11% of Rothschild Investment Corp Il’s portfolio.Farmers Merchants Investments Inc boosted its stake in TEX in the latest quarter, The investment management firm added 346 additional shares and now holds a total of 36,813 shares of Terex Corporation which is valued at $792,216. Terex Corporation makes up approx 0.09% of Farmers Merchants Investments Inc’s portfolio.
Terex Corporation opened for trading at $23.75 and hit $24.445 on the upside on Friday, eventually ending the session at $24.24, with a gain of 1.00% or 0.24 points. The heightened volatility saw the trading volume jump to 8,51,542 shares. Company has a market cap of $2,632 M.
On the company’s financial health, Terex Corporation reported $-0.05 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $-0.05. The company had revenue of $1426.90 million for the quarter, compared to analysts expectations of $1320.93 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on Terex Corporation. Terex Corporation was Downgraded by Jefferies to ” Hold” on Aug 9, 2016. Shares were Reiterated by Barclays on Jul 11, 2016 to “Equal Weight” and Lowered the Price Target to $ 20 from a previous price target of $25 .Terex Corporation was Resumed by BofA/Merrill to “Underperform” on Jul 7, 2016.
Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications including the construction infrastructure quarrying mining manufacturing transportation energy and utility industries. The Company operates in business segments: Aerial Work Platforms Construction Cranes Material Handling & Port Solutions and Materials Processing. Its products are manufactured in North and South America Europe Australia and Asia and sold across the world. It offers a range of products including portable material lifts telehandlers wheel loaders midi excavators site dumpers tower cranes utility equipment industrial cranes reach stackers washing systems chippers and sprinter carriers among others. Its brands include Terex Genie Demag and Powerscreen.