E. Ohman J or Asset Management AB Increases Stock Position in Terex Co. (NYSE:TEX)

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

A number of other hedge funds have also modified their holdings of TEX. Blue Trust Inc. grew its position in shares of Terex by 26.8% during the fourth quarter. Blue Trust Inc. now owns 1,229 shares of the industrial products company's stock worth $57,000 after acquiring an additional 260 shares during the last quarter. Vest Financial LLC grew its position 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 buying an additional 25,389 shares during the last quarter. Empowered Funds LLC grew its position 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 buying an additional 23,429 shares during the last quarter. Empirical Finance LLC grew its position 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 buying an additional 2,434 shares during the last quarter. Finally, Regents Gate Capital LLP purchased a new position in Terex in the 4th quarter valued at $5,561,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TEX. The Goldman Sachs Group upgraded shares of Terex from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $60.00 in a research report on Tuesday, May 27th. Morgan Stanley cut their price target on shares of Terex from $43.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Evercore ISI increased their price target on shares of Terex from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Robert W. Baird raised shares of Terex from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $48.00 to $66.00 in a report on Tuesday, May 13th. Finally, Baird R W raised shares of Terex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Eight investment 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $50.20.

Terex Price Performance

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

Terex (NYSE:TEX - Get Free Report) last issued its earnings results on Friday, May 2nd. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.57 by $0.26. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Terex had a net margin of 6.54% and a return on equity of 21.99%. The business's revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. Analysts forecast that Terex Co. will post 4.83 EPS for the current fiscal year.

Terex Dividend Announcement

The company 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, June 6th. Terex's dividend payout ratio (DPR) is presently 18.53%.

Insider Transactions at Terex

In other news, insider Joshua Gross sold 5,389 shares of Terex stock in a transaction on Monday, May 5th. The stock was sold at an average price of $40.75, for a total transaction of $219,601.75. Following the completion of the transaction, the insider now owns 38,755 shares of the company's stock, valued at $1,579,266.25. The trade was a 12.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

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.

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