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

E. Ohman J or Asset Management AB lifted its position in shares of Terex Co. (NYSE:TEX - Free Report) by 66.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,727 shares of the industrial products company's stock after purchasing an additional 24,626 shares during the quarter. E. Ohman J or Asset Management AB owned 0.09% of Terex worth $2,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in Terex by 26.8% in the 4th quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 260 shares during the period. Vest Financial LLC grew its stake in Terex by 88.9% in the 4th quarter. Vest Financial LLC now owns 53,962 shares of the industrial products company's stock valued at $2,494,000 after acquiring an additional 25,389 shares during the period. Empowered Funds LLC grew its stake in Terex by 13.3% in the 4th quarter. Empowered Funds LLC now owns 199,594 shares of the industrial products company's stock valued at $9,225,000 after acquiring an additional 23,429 shares during the period. Empirical Finance LLC grew its stake in Terex by 13.2% in the 4th quarter. Empirical Finance LLC now owns 20,831 shares of the industrial products company's stock valued at $963,000 after acquiring an additional 2,434 shares during the period. Finally, Regents Gate Capital LLP acquired a new stake in Terex in the 4th quarter valued at $5,561,000. Institutional investors and hedge funds own 92.88% of the company's stock.

Terex Trading Up 0.6%

NYSE TEX traded up $0.30 during trading on Tuesday, hitting $47.93. The stock had a trading volume of 652,492 shares, compared to its average volume of 923,568. The company has a market capitalization of $3.18 billion, a PE ratio of 9.66, a PEG ratio of 4.53 and a beta of 1.60. The company has a quick ratio of 1.09, a current ratio of 2.16 and a debt-to-equity ratio of 1.41. The firm has a 50 day moving average price of $40.46 and a 200 day moving average price of $43.69. Terex Co. has a twelve month low of $31.53 and a twelve month high of $68.08.

Terex (NYSE:TEX - Get Free Report) last released its earnings results on Friday, May 2nd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. Terex had a return on equity of 21.99% and a net margin of 6.54%. Terex's revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. As a group, equities research analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. Terex's payout ratio is 18.53%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TEX shares. Barclays dropped their price target on shares of Terex from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Evercore ISI lifted their target price on shares of Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Robert W. Baird raised shares of Terex from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $48.00 to $66.00 in a research note on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Terex has an average rating of "Hold" and an average target price of $50.90.

Insider Buying and Selling

In related news, insider Joshua Gross sold 5,389 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $40.75, for a total transaction of $219,601.75. Following the sale, the insider now directly owns 38,755 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company's stock.

About Terex

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.