Terex Corporation $TEX Stock: E. Ohman J or Asset Management AB Trims Stake

E. Ohman J or Asset Management AB lessened its holdings in Terex Corporation (NYSE:TEX) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,737 shares of the industrial products company’s stock after selling 9,968 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Terex were worth $3,195,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TEX. Van ECK Associates Corp acquired a new position in shares of Terex during the 2nd quarter worth $2,588,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Terex during the first quarter valued at about $6,439,000. Principal Financial Group Inc. boosted its position in Terex by 183.0% during the 1st quarter. Principal Financial Group Inc. now owns 402,045 shares of the industrial products company’s stock worth $23,761,000 after buying an additional 259,993 shares during the period. Cooper Creek Partners Management LLC acquired a new stake in Terex in the first quarter valued at $38,992,000. Finally, Hanseatic Management Services Inc. acquired a new position in Terex during the 1st quarter worth about $1,080,000. Institutional investors own 92.88% of the company’s stock.

Terex Trading Down 1.9%

Shares of NYSE:TEX opened at $52.05 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.82. Terex Corporation has a 52-week low of $41.70 and a 52-week high of $74.69. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 0.97 and a beta of 1.47. The stock’s 50-day simple moving average is $58.69 and its two-hundred day simple moving average is $62.13.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. Terex had a return on equity of 12.24% and a net margin of 2.23%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. Analysts expect that Terex Corporation will post 4.98 EPS for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 9th. Terex’s payout ratio is presently 34.69%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TEX. Morgan Stanley reiterated an “overweight” rating and issued a $86.00 price target on shares of Terex in a report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a report on Thursday, October 15th. Wall Street Zen lowered shares of Terex from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Citigroup decreased their target price on shares of Terex from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, Truist Financial cut their price objective on Terex from $96.00 to $85.00 and set a “buy” rating for the company in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.64.

Terex Profile

Terex Corporation (NYSE:TEX) is a global manufacturer of equipment used in construction, infrastructure development, utilities, recycling and material processing. The company designs and produces machinery intended to help customers build, maintain and improve transportation networks, commercial sites, utility systems and industrial facilities.

Terex operates primarily through its Aerial Work Platforms and Materials Processing businesses. Its products include aerial lifts, telehandlers and other access equipment, as well as crushing, screening, conveying, washing, recycling and environmental-processing machinery.