Optimize Financial Inc Takes Position 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 bought a new stake in shares of Terex Corporation (NYSE:TEX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,605 shares of the industrial products company's stock, valued at approximately $212,000.

A number of other hedge funds have also modified their holdings of TEX. BNP Paribas Financial Markets raised its stake in shares of Terex by 44.6% in the fourth quarter. BNP Paribas Financial Markets now owns 32,971 shares of the industrial products company's stock worth $1,524,000 after purchasing an additional 10,163 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Terex by 51.7% in the fourth quarter. Cetera Investment Advisers now owns 12,544 shares of the industrial products company's stock worth $580,000 after purchasing an additional 4,276 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Terex by 45.8% in the fourth quarter. Deutsche Bank AG now owns 61,559 shares of the industrial products company's stock worth $2,845,000 after purchasing an additional 19,350 shares during the last quarter. Ethic Inc. raised its stake in shares of Terex by 5.9% in the fourth quarter. Ethic Inc. now owns 10,963 shares of the industrial products company's stock worth $507,000 after purchasing an additional 610 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Terex by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 499,628 shares of the industrial products company's stock worth $23,093,000 after purchasing an additional 26,724 shares during the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TEX shares. The Goldman Sachs Group upgraded Terex from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised their target price on Terex from $43.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Truist Financial set a $62.00 target price on Terex in a report on Monday, August 4th. UBS Group raised their target price on Terex from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Wall Street Zen raised Terex from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.22.

Terex Price Performance

TEX stock traded down $0.45 during mid-day trading on Friday, reaching $52.75. 580,545 shares of the company's stock were exchanged, compared to its average volume of 679,381. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 5.36 and a beta of 1.65. The stock's 50 day moving average is $50.73 and its 200 day moving average is $44.67. 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 Corporation has a 12-month low of $31.53 and a 12-month high of $58.66.

Terex (NYSE:TEX - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.49 billion for 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 revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 earnings per share. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, research analysts expect that Terex Corporation will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 11th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. Terex's dividend payout ratio is currently 25.37%.

Insider Transactions at Terex

In other Terex news, VP Scott Posner sold 5,000 shares of the stock in a transaction that occurred 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 approximately $3,550,554. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company's stock.

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.