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

E. Ohman J or Asset Management AB raised its position in shares of Terex Co. (NYSE:TEX) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,101 shares of the industrial products company’s stock after purchasing an additional 2,653 shares during the quarter. E. Ohman J or Asset Management AB owned 0.06% of Terex worth $1,715,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Creative Planning increased its holdings in Terex by 18.5% in the 2nd quarter. Creative Planning now owns 17,334 shares of the industrial products company’s stock worth $951,000 after buying an additional 2,708 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Terex by 15.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,928 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 397 shares during the period. Sanctuary Advisors LLC acquired a new position in Terex during the second quarter valued at $590,000. GAMMA Investing LLC boosted its holdings in Terex by 83.3% in the third quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 335 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Terex by 24.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,300 shares of the industrial products company’s stock worth $1,762,000 after purchasing an additional 6,600 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Terex

In other news, CEO Simon Meester sold 9,877 shares of Terex stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total value of $505,109.78. Following the sale, the chief executive officer now directly owns 127,858 shares of the company’s stock, valued at $6,538,658.12. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Sachs purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $49.75 per share, with a total value of $995,000.00. Following the completion of the transaction, the director now directly owns 137,500 shares of the company’s stock, valued at $6,840,625. This represents a 17.02 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on Terex from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Truist Financial decreased their price target on Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Citigroup decreased their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Terex has a consensus rating of “Hold” and a consensus price target of $56.63.

Terex Price Performance

Shares of NYSE TEX opened at $47.48 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 2.39. The firm has a fifty day moving average of $48.18 and a 200 day moving average of $52.32. The firm has a market cap of $3.17 billion, a PE ratio of 6.93, a PEG ratio of 4.51 and a beta of 1.54. Terex Co. has a one year low of $43.50 and a one year high of $68.08.

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.