E. Ohman J or Asset Management AB Increases Position in Terex Corporation $TEX

E. Ohman J or Asset Management AB boosted its position in Terex Corporation (NYSE:TEX) by 14.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 70,705 shares of the industrial products company’s stock after acquiring an additional 8,978 shares during the period. E. Ohman J or Asset Management AB’s holdings in Terex were worth $4,179,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Terex by 167.0% during the second quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 369 shares during the last quarter. Strs Ohio acquired a new position in Terex in the first quarter valued at $30,000. UMB Bank n.a. increased its stake in Terex by 15.0% in the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 189 shares during the last quarter. Quarry LP purchased a new position in Terex during the fourth quarter worth about $88,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Terex by 31.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,773 shares of the industrial products company’s stock worth $95,000 after buying an additional 427 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Terex

In related news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $61.53, for a total value of $361,427.22. Following the transaction, the insider owned 48,706 shares in the company, valued at approximately $2,996,880.18. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley restated an “overweight” rating and issued a $84.00 price target on shares of Terex in a report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their target price on shares of Terex from $76.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 target price for the company in a report on Monday, May 11th. Barclays began coverage on shares of Terex in a report on Tuesday, March 31st. They issued an “overweight” rating and a $65.00 target price for the company. Finally, Citigroup raised shares of Terex from a “neutral” rating to a “buy” rating and upped their price target for the stock from $73.00 to $75.00 in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Terex has a consensus rating of “Moderate Buy” and a consensus target price of $75.30.

Terex Price Performance

Shares of Terex stock opened at $67.01 on Friday. The business’s fifty day moving average price is $61.63 and its 200 day moving average price is $60.14. Terex Corporation has a twelve month low of $41.70 and a twelve month high of $71.50. The company has a current ratio of 1.84, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $7.65 billion, a P/E ratio of 32.06, a PEG ratio of 1.04 and a beta of 1.53.

Terex (NYSE:TEX) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Terex had a return on equity of 13.43% and a net margin of 1.87%.The firm’s revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. Terex has set its FY 2026 guidance at 4.500-5.000 EPS. As a group, research analysts anticipate that Terex Corporation will post 4.87 earnings per share for the current year.

Terex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 8th. Terex’s dividend payout ratio is 32.54%.

Terex Profile

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.