Terex Co. (NYSE:TEX) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its stake in shares of Terex Co. (NYSE:TEX) by 66.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,727 shares of the industrial products company’s stock after acquiring an additional 24,626 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Terex were worth $2,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Terex by 17.0% during the 4th quarter. FMR LLC now owns 8,782,287 shares of the industrial products company’s stock valued at $405,917,000 after acquiring an additional 1,272,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Terex by 94.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,150,673 shares of the industrial products company’s stock worth $99,404,000 after purchasing an additional 1,046,600 shares during the period. First Trust Advisors LP grew its holdings in shares of Terex by 43.2% during the 4th quarter. First Trust Advisors LP now owns 1,930,923 shares of the industrial products company’s stock worth $89,247,000 after purchasing an additional 582,819 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Terex by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,890,625 shares of the industrial products company’s stock worth $87,385,000 after purchasing an additional 41,685 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Terex by 8.4% during the 4th quarter. American Century Companies Inc. now owns 1,741,206 shares of the industrial products company’s stock worth $80,479,000 after purchasing an additional 135,286 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,389 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total value of $219,601.75. Following the completion of the transaction, the insider now owns 38,755 shares of the company’s stock, valued at approximately $1,579,266.25. This represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group upgraded Terex from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $48.00 in a report on Friday, May 16th. Wall Street Zen upgraded Terex from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Truist Financial upped their target price on Terex from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Barclays cut their target price on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, Morgan Stanley dropped their price target on Terex from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.20.

Terex Price Performance

Shares of NYSE TEX opened at $46.46 on Friday. Terex Co. has a 1-year low of $31.53 and a 1-year high of $68.08. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The business’s fifty day moving average price is $40.07 and its two-hundred day moving average price is $43.82. The firm has a market capitalization of $3.08 billion, a PE ratio of 9.37, a P/E/G ratio of 4.53 and a beta of 1.60.

Terex (NYSE:TEX) last released its quarterly earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.26. Terex had a return on equity of 21.99% and a net margin of 6.54%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, research analysts expect that Terex Co. will post 4.83 EPS for the current year.

Terex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.17 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. Terex’s payout ratio is 18.53%.

Terex Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.