Optimize Financial Inc Makes New $212,000 Investment in Terex Corporation $TEX

Key Points

• Optimize Financial Inc acquired 5,605 shares of Terex Corporation in Q1, valued at approximately $212,000.
• Terex's quarterly earnings reported an EPS of $1.49, exceeding estimates, with a revenue of $1.49 billion, indicating a year-on-year revenue increase of 7.6%.
• The firm announced a quarterly dividend of $0.17 per share, resulting in a dividend yield of 1.3% for investors.

Optimize Financial Inc acquired a new stake in shares of Terex Corporation (NYSE:TEX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,605 shares of the industrial products company's stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Terex by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,749,354 shares of the industrial products company's stock valued at $254,991,000 after purchasing an additional 44,254 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Terex by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,050,434 shares of the industrial products company's stock valued at $115,247,000 after purchasing an additional 87,194 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Terex by 8.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,338,868 shares of the industrial products company's stock valued at $88,362,000 after purchasing an additional 188,195 shares during the period. American Century Companies Inc. increased its position in shares of Terex by 1.4% during the first quarter. American Century Companies Inc. now owns 1,765,690 shares of the industrial products company's stock valued at $66,708,000 after purchasing an additional 24,484 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Terex in the 4th quarter valued at $59,179,000. 92.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group boosted their price target on Terex from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Wall Street Zen raised Terex from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. The Goldman Sachs Group raised Terex from a "neutral" rating to a "buy" rating and boosted their price target for the company from $45.00 to $60.00 in a research note on Tuesday, May 27th. Truist Financial set a $62.00 price target on Terex in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. boosted their price target on Terex from $43.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.22.

Insiders Place Their Bets

In other Terex news, VP Scott Posner sold 5,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $50.50, for a total transaction of $252,500.00. Following the transaction, the vice president owned 70,308 shares in the company, valued at $3,550,554. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Terex Trading Up 1.8%

Shares of Terex stock traded up $0.94 during trading hours on Monday, hitting $53.67. The company's stock had a trading volume of 152,084 shares, compared to its average volume of 923,281. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The stock has a 50 day moving average of $50.73 and a 200 day moving average of $44.71. The company has a market capitalization of $3.52 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 5.31 and a beta of 1.65. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.08 and a quick ratio of 1.11.

Terex (NYSE:TEX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.05. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Terex had a return on equity of 15.95% and a net margin of 3.46%.Terex's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. Analysts predict that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 11th. Terex's dividend payout ratio (DPR) is presently 25.37%.

About Terex

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.