Could Terex Corporation Decline After Today’s Tip From Option Traders?

 Could Terex Corporation Decline After Today's Tip From Option Traders?

In today’s session Terex Corporation (TEX) registered an unusually high (1,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TEX increase. With 1,000 contracts traded and 2714 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TEX161118C00025000 closed last at: $0.5 or 0% . About 197,142 shares traded hands. Terex Corporation (NYSE:TEX) has declined 6.23% since March 28, 2016 and is downtrending. It has underperformed by 10.94% the S&P500.

Terex Corporation (NYSE:TEX) Ratings Coverage

Out of 18 analysts covering Terex Corporation (NYSE:TEX), 7 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 39% are positive. Terex Corporation has been the topic of 39 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, July 11, the company rating was maintained by Barclays Capital. The rating was downgraded by Jefferies on Tuesday, August 9 to “Hold”. The firm earned “Hold” rating on Friday, July 31 by BB&T Capital. Deutsche Bank initiated it with “Hold” rating and $26 target price in Wednesday, September 7 report. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, May 17. As per Tuesday, May 31, the company rating was maintained by Jefferies. The rating was downgraded by Evercore to “Hold” on Friday, May 27. Deutsche Bank maintained Terex Corporation (NYSE:TEX) rating on Wednesday, August 12. Deutsche Bank has “Buy” rating and $35 price target. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 3. JP Morgan upgraded the stock to “Neutral” rating in Wednesday, January 27 report.

According to Zacks Investment Research, “Terex Corp. is a global manufacturer of a broad range of construction and mining related capital equipment. The company strives to manufacture high quality machines which are low cost, simple to use and easy to maintain. The company’s principal products include telescopic mobile cranes, aerial work platforms, utility aerial devices, telescopic material handlers, truck mounted mobile cranes, rigid and articulated off-highway trucks and high capacity surface mining trucks, and related components and replacement parts.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.13, from 1.07 in 2016Q1. The ratio turned negative, as 55 funds sold all Terex Corporation shares owned while 73 reduced positions. 35 funds bought stakes while 85 increased positions. They now own 86.48 million shares or 7.59% more from 80.38 million shares in 2016Q1.
Barnett And, a Tennessee-based fund reported 1,150 shares. Nelson Van Denburg Campbell Wealth Mgmt Group Incorporated Limited Liability Corporation holds 0% or 100 shares in its portfolio. Nwq Invest Limited Liability Corporation has 0.1% invested in the company for 295,636 shares. Moreover, Aqr Capital Mngmt Limited Liability Company has 0% invested in Terex Corporation (NYSE:TEX) for 23,639 shares. Proshare Advsrs Ltd Company holds 0% or 9,990 shares in its portfolio. Victory Capital Mgmt Inc has 1,864 shares for 0% of their US portfolio. Pnc Financial Grp Incorporated accumulated 8,875 shares or 0% of the stock. Nicholas Invest Prtnrs Ltd Partnership accumulated 123,498 shares or 0.17% of the stock. The Vermont-based Hanson And Doremus Inv Management has invested 0.37% in Terex Corporation (NYSE:TEX). Parallax Volatility Advisers Ltd Partnership accumulated 0% or 27,206 shares. Profund Advsr Limited Liability holds 22,218 shares or 0.02% of its portfolio. Moreover, State Board Of Administration Of Florida Retirement System has 0.01% invested in Terex Corporation (NYSE:TEX) for 165,195 shares. Tig Advsrs Ltd Liability Company accumulated 0.06% or 34,523 shares. Citadel Advisors Ltd Liability Company has invested 0.02% of its portfolio in Terex Corporation (NYSE:TEX). Franklin Resources holds 0% or 320,300 shares in its portfolio.

Insider Transactions: Since May 4, 2016, the stock had 29 insider buys, and 13 selling transactions for $2.44 million net activity. 74 shares were bought by Bradley Kevin, worth $1,728 on Wednesday, May 4. Ellis George had sold 10,000 shares worth $242,100. Another trade for 140 shares valued at $3,457 was bought by HENRY BRIAN J. Another trade for 81 shares valued at $1,732 was bought by Lousberg Kenneth D.. $219 worth of Terex Corporation (NYSE:TEX) shares were bought by BARR KEVIN A. Another trade for 3,632 shares valued at $89,674 was sold by FEARON MATTHEW. 20,000 shares with value of $480,400 were sold by ANDERSEN G CHRIS on Thursday, August 4.

Terex Corporation is a lifting and material handling solutions company. The company has a market cap of $2.63 billion. The Firm is focused on providing its activities and delivering solutions for a range of commercial applications, including the construction, infrastructure, mining, manufacturing, transportation, energy and utility industries. It has a 28.07 P/E ratio. It operates through five divisions: Aerial Work Platforms , Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP).

TEX Company Profile

Terex Corporation, incorporated on October 30, 1986, is a lifting and material handling solutions company. The Firm is focused on providing its activities and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Firm operates through five divisions: Aerial Work Platforms (AWP), Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP). The Company’s products are manufactured in North and South America, Europe, Australia and Asia and sold across the world.

More recent Terex Corporation (NYSE:TEX) news were published by: Businesswire.com which released: “Terex Corporation Announces Leadership Change in Its Cranes Segment” on October 25, 2016. Also Businesswire.com published the news titled: “Terex Corporation Announces Third Quarter 2016 Financial Results Conference Call” on October 04, 2016. Businesswire.com‘s news article titled: “Terex Corporation Announces Receipt of Requisite Consents for Consent …” with publication date: October 03, 2016 was also an interesting one.

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