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

E. Ohman J or Asset Management AB grew its stake in Terex Co. (NYSE:TEX) by 7.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 37,101 shares of the industrial products company’s stock after acquiring an additional 2,653 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Terex were worth $1,715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TEX. GAMMA Investing LLC increased its stake in shares of Terex by 83.3% in the 3rd quarter. GAMMA Investing LLC now owns 737 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 335 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Terex during the third quarter worth about $40,000. Truvestments Capital LLC purchased a new position in Terex during the third quarter worth about $41,000. Blue Trust Inc. boosted its holdings in Terex by 89.3% in the 3rd quarter. Blue Trust Inc. now owns 969 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 457 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Terex by 74.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,180 shares of the industrial products company’s stock valued at $62,000 after buying an additional 504 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insiders Place Their Bets

In other Terex news, Director David A. Sachs bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $51.30 per share, with a total value of $513,000.00. Following the purchase, the director now directly owns 107,500 shares in the company, valued at approximately $5,514,750. This represents a 10.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Simon Meester sold 9,877 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $51.14, for a total transaction of $505,109.78. Following the sale, the chief executive officer now owns 127,858 shares in the company, valued at approximately $6,538,658.12. This trade represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Terex Price Performance

TEX opened at $47.48 on Wednesday. The stock’s 50-day moving average price is $48.18 and its 200 day moving average price is $52.32. Terex Co. has a 12-month low of $43.50 and a 12-month high of $68.08. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 4.51 and a beta of 1.54. The company has a current ratio of 2.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32.

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.