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Terex Corporation (TEX)

- NYSE
  • Aug. 14, 2013, 7:45 AM
    • New positions for David Tepper's Appaloosa Management for the quarter ended June 30 include: AXLL, CBI (both common stock and call options), CCL, HTZ, PGEM, TEX, TRN, WWAV.
    • He upped stakes in a number of previously held names, with the most significant additions being BAC, FLR, FWLT, KBR, and PRU.
    • Among those positions cut, the most significant  moves are: AIG, AAPL, BYD, DLPH, CIM, GM (cashed in almost all warrants), LCC, MSFT, and WFT.
    • He eliminated stakes in MFA, SBY, and TWO.
    • A quick take on the overall picture shows a concern with rising rates considering the big cut in his Chimera stake along with the elimination of his positions in MFA Financial, Silver Bay Realty, and Two Harbors.
    • Sources: 13F filing, StreetInsider.
    | 4 Comments
  • Jul. 24, 2013, 5:21 PM
    Terex (TEX): Q2 EPS of $0.65 beats by $0.10. Revenue of $1.91B misses by $0.07B. Shares -2.2% AH. (PR)
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  • Jun. 17, 2013, 12:45 PM
    Midday top 10 gainers: FRO +24%. KNDI +23%. IGLD +20%. HOTR +17%. LIVE +16%. DQ +15%. BIOL +14%. HAST +14%. GNK +13%. CLFD +13%.
    Midday top 10 Losers: FOLD -25%. ORMP -15%. SGOC -12%. EDAP -11%. AXU -10%. BLIN -9%. CERE -9%. RVLT -9%. TEX -9%. PXLW -9%.
    | Comment!
  • Jun. 17, 2013, 9:11 AM
    Premarket gainers: OSH +47%. FRO +21%. KNDI +16%. LDK +8%. MNKD +5%. AMD +5%. DVAX +5%. NFLX +5%.
    Losers: FOLD -29%. TEX -14%. MDVN -7%.
    | Comment!
  • Jun. 17, 2013, 8:46 AM
    Terex (TEX) -12.5% premarket after issuing downside EPS guidance for Q2 and FY 2013, citing a softer marketplace for its construction, material handling and port solutions, and cranes operations. TEX sees Q2 EPS of $0.50-$0.60 vs. $0.82 consensus estimate and FY13 EPS of $1.90-$2.10 vs. $2.56 consensus and below its prior guidance of $2.40-$2.70.
    | Comment!
  • Jun. 12, 2013, 1:44 PM
    Terex (TEX -2%) slips today, despite Stifel Nicolaus initiating coverage on the shares with a Buy and a $44 price target. Stifel calls it a leading solutions provider with strong market share positions across most of its businesses in which it operates. Historically, acquisitions have been a key growth vehicle for the company, accounting for nearly 90% of its business. But the company has shifted focus toward improving existing operations, and expects profitable growth and cash generation in the coming upcycle.
    | 1 Comment
  • May. 29, 2013, 11:33 AM
    Moody's raises Terex's (TEX +0.2%) rating to B1 (Outlook Stable) on a "meaningful" improvement in performance. Enhanced geographic and product diversity coupled with cost reductions have made for an improved credit profile, the ratings agency says. (Recently: Barclays sees further upside for TEX)
    | Comment!
  • May. 22, 2013, 3:27 PM
    Terex (TEX -2.3%) gives back all the love plus more from an earlier Barclays upgrade to Overweight. The bank says that despite the stock recent 20% runup this month, it sees more upside from its consistent execution, leverage to an improving crane cycle and still-positive trends in the aerial-work-platform space.
    | Comment!
  • Apr. 24, 2013, 6:15 PM
    More on Terex (TEX): Q1 misses across the board as total sales decline 5% Y/Y. Net earnings increased 3.9% on better margins and lower overhead expenses. Revenue from its aerial work-platforms segment +21%, construction segment -23%, cranes +3.4% and materials-handling and port-solutions revenue -23%. Overhead expenses were down 3%, while interest expense fell 18%. Gross margin widened to 19% from 18.2%.
    | Comment!
  • Apr. 24, 2013, 5:16 PM
    Terex (TEX): Q1 EPS of $0.23 misses by $0.07. Revenue of $1.72B (-5% Y/Y) misses by $120M. (PR).
    | Comment!
  • Apr. 24, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA
    | 1 Comment
  • Apr. 23, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA
    | Comment!
  • Apr. 5, 2013, 2:38 PM
    Terex (TEX -2.8%) is downgraded to Market Perform at Wells Fargo, which cites increased concerns about the market for construction cranes. In addition to sluggish U.S. capital investment trends pressuring demand for TEX's products, the firm sees further deterioration in EU construction trends weighing on crane demand.
    | 1 Comment
  • Feb. 19, 2013, 6:15 PM
    Terex Corporation (TEX): Q4 EPS of -$0.28 may not be comparable to consensus of $0.40. Revenue of $1.70B misses by $130M. Shares -2.3% AH. (PR)
    | Comment!
  • Feb. 19, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP, SHO, SINA, TEX, ZIXI
    | Comment!
  • Feb. 18, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP,SHO, SINA, TEX, ZIXI
    | Comment!
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Company Description
Terex Corp is a lifting & material handling solutions company. It is engaged in delivering reliable, customer-driven solutions for commercial applications including construction, infrastructure, quarrying, mining & manufacturing, among others.