What’s Propelling Terex Corporation to Increase So Much?

 What's Propelling Terex Corporation to Increase So Much?

In today’s session Terex Corporation (TEX) registered an unusually high (1,054) 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 1,054 contracts traded and 13784 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TEX161118C00025000 closed last at: $2.35 or 840% up. About 97,984 shares traded hands. Terex Corporation (NYSE:TEX) has risen 16.37% since April 11, 2016 and is uptrending. It has outperformed by 10.23% 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. $35 is the highest target while $15 is the lowest. The $25.14 average target is -9.63% below today’s ($27.82) stock price. Terex Corporation has been the topic of 39 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, January 29, the company rating was downgraded by Avondale. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. As per Friday, July 31, the company rating was downgraded by BB&T Capital. JP Morgan downgraded Terex Corporation (NYSE:TEX) on Wednesday, September 9 to “Underweight” rating. The firm earned “Hold” rating on Tuesday, August 9 by Jefferies. The stock of Terex Corporation (NYSE:TEX) earned “Outperform” rating by Robert W. Baird on Tuesday, May 17. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, June 8 report. The firm has “Hold” rating given on Thursday, December 17 by Deutsche Bank. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, September 25. Barclays Capital maintained the stock with “Equalweight” rating in Monday, July 11 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 2016 Q2. Its down 0.13, from 1.07 in 2016Q1. The ratio is 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.
Advisors Asset has 2,900 shares for 0% of their US portfolio. Concorde Asset Mngmt Ltd Liability Company owns 16,675 shares or 0.34% of their US portfolio. Renaissance Llc holds 397,500 shares or 0.02% of its portfolio. Moreover, Gabelli Funds Limited Liability has 0% invested in Terex Corporation (NYSE:TEX) for 14,300 shares. Moreover, Farallon Cap Mgmt Ltd Com has 0.14% invested in Terex Corporation (NYSE:TEX) for 495,000 shares. The New York-based Blackrock Incorporated has invested 0% in Terex Corporation (NYSE:TEX). Alliancebernstein Lp accumulated 78,192 shares or 0% of the stock. The Switzerland-based Swiss National Bank has invested 0.01% in Terex Corporation (NYSE:TEX). Moreover, North Star Management Corp has 0% invested in Terex Corporation (NYSE:TEX) for 800 shares. State Board Of Administration Of Florida Retirement Sys accumulated 165,195 shares or 0.01% of the stock. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 147,374 shares. Washington Tru National Bank last reported 1,000 shares in the company. Highline Cap Limited Partnership has 0.55% invested in the company for 717,500 shares. The Illinois-based Equitec Proprietary Mkts Ltd Llc has invested 0.01% in Terex Corporation (NYSE:TEX). The North Carolina-based Financial Bank Of America De has invested 0% in Terex Corporation (NYSE:TEX).

Insider Transactions: Since May 31, 2016, the stock had 29 buys, and 14 sales for $2.92 million net activity. 20,000 shares with value of $480,400 were sold by ANDERSEN G CHRIS on Thursday, August 4. BARR KEVIN A bought $236 worth of Terex Corporation (NYSE:TEX) on Wednesday, August 3. On Friday, July 8 the insider Bradley Kevin bought $1,141. $181,458 worth of Terex Corporation (NYSE:TEX) shares were sold by Clair Mark I. On Friday, September 9 FEARON MATTHEW sold $89,674 worth of the stock or 3,632 shares. Lousberg Kenneth D. had bought 71 shares worth $1,729 on Tuesday, September 6. Ellis George sold 10,000 shares worth $242,100.

Terex Corporation is a lifting and material handling solutions company. The company has a market cap of $3.00 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 22.46 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 to Host Analyst Meeting” on November 02, 2016. Also Businesswire.com published the news titled: “Terex Corporation Announces Leadership Change in Its Cranes Segment” on October 25, 2016. Businesswire.com‘s news article titled: “Terex Corporation Announces Third Quarter 2016 Financial Results Conference Call” with publication date: October 21, 2016 was also an interesting one.

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