Terex Corporation $TEX Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its holdings in Terex Corporation (NYSE:TEX) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,705 shares of the industrial products company’s stock after purchasing an additional 8,978 shares during the quarter. E. Ohman J or Asset Management AB owned 0.06% of Terex worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP acquired a new position in shares of Terex during the 3rd quarter worth $121,724,000. Invesco Ltd. increased its holdings in shares of Terex by 801.3% in the 3rd quarter. Invesco Ltd. now owns 1,603,965 shares of the industrial products company’s stock valued at $82,283,000 after purchasing an additional 1,425,996 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Terex in the fourth quarter valued at about $69,802,000. Morgan Stanley lifted its stake in shares of Terex by 77.2% in the fourth quarter. Morgan Stanley now owns 1,669,042 shares of the industrial products company’s stock valued at $89,094,000 after purchasing an additional 727,277 shares during the period. Finally, Norges Bank purchased a new stake in Terex during the fourth quarter worth about $33,828,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Terex news, insider Joshua Gross sold 5,874 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $61.53, for a total transaction of $361,427.22. Following the completion of the transaction, the insider owned 48,706 shares of the company’s stock, 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 this link. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TEX shares. Barclays began coverage on shares of Terex in a research report on Tuesday, March 31st. They set an “overweight” rating and a $65.00 target price on the stock. Raymond James Financial upgraded shares of Terex from an “outperform” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research report on Monday, May 11th. Evercore restated an “outperform” rating and issued a $81.00 price target on shares of Terex in a report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of Terex in a research note on Wednesday, May 6th. Finally, Citigroup raised Terex from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $73.00 to $75.00 in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $75.30.

Terex Stock Performance

Shares of TEX opened at $67.01 on Friday. 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 cap of $7.65 billion, a P/E ratio of 32.06, a PEG ratio of 1.04 and a beta of 1.53. The company has a 50-day moving average of $61.63 and a two-hundred day moving average of $60.14. Terex Corporation has a 12-month low of $41.70 and a 12-month high of $71.50.

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

Terex Dividend Announcement

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

Terex Company 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.