E. Ohman J or Asset Management AB Buys 3,551 Shares of Terex Co. (NYSE:TEX)

E. Ohman J or Asset Management AB boosted its holdings in Terex Co. (NYSE:TEX) by 11.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,448 shares of the industrial products company’s stock after buying an additional 3,551 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.05% of Terex worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TEX. AlphaMark Advisors LLC grew its stake in Terex by 14.5% in the 1st quarter. AlphaMark Advisors LLC now owns 5,299 shares of the industrial products company’s stock valued at $341,000 after buying an additional 670 shares in the last quarter. State of Michigan Retirement System grew its stake in Terex by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 16,418 shares of the industrial products company’s stock valued at $1,057,000 after buying an additional 300 shares in the last quarter. Measured Wealth Private Client Group LLC grew its stake in Terex by 14.0% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 5,638 shares of the industrial products company’s stock valued at $363,000 after buying an additional 692 shares in the last quarter. Fruth Investment Management purchased a new position in Terex in the 1st quarter valued at approximately $215,000. Finally, FCG Investment Co grew its stake in Terex by 4.7% in the 1st quarter. FCG Investment Co now owns 6,314 shares of the industrial products company’s stock valued at $407,000 after buying an additional 285 shares in the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Terex Stock Up 1.5 %

Shares of NYSE:TEX opened at $53.77 on Friday. Terex Co. has a 52-week low of $43.70 and a 52-week high of $68.08. The firm has a fifty day moving average of $53.44 and a 200 day moving average of $56.48. The firm has a market capitalization of $3.62 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 4.49 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 2.21.

Terex (NYSE:TEX) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.10. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. Terex had a net margin of 9.55% and a return on equity of 27.89%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 earnings per share. As a group, research analysts anticipate that Terex Co. will post 5.89 EPS for the current fiscal year.

Terex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. Terex’s dividend payout ratio is currently 9.01%.

Analyst Ratings Changes

A number of research analysts have recently commented on TEX shares. Citigroup reduced their price target on shares of Terex from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, September 23rd. Raymond James started coverage on shares of Terex in a research report on Friday, June 28th. They set a “market perform” rating for the company. Evercore ISI reduced their price target on shares of Terex from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. reduced their price target on shares of Terex from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Finally, Robert W. Baird boosted their price target on shares of Terex from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.33.

Insider Transactions at Terex

In other news, Director Andra Rush bought 2,205 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $54.36 per share, for a total transaction of $119,863.80. Following the completion of the acquisition, the director now owns 21,983 shares in the company, valued at approximately $1,194,995.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Terex Company 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.