Optimize Financial Inc Acquires Shares of 5,605 Terex Corporation $TEX

Optimize Financial Inc acquired a new stake in shares of Terex Corporation (NYSE:TEX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,605 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other institutional investors have also bought and sold shares of TEX. Zimmer Partners LP raised its stake in shares of Terex by 38.9% in the first quarter. Zimmer Partners LP now owns 250,000 shares of the industrial products company’s stock valued at $9,445,000 after acquiring an additional 70,000 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Terex by 13.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 15,781 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 1,871 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Terex by 3.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,092,189 shares of the industrial products company’s stock worth $41,263,000 after acquiring an additional 40,077 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Terex by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,506 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 2,841 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of Terex in the 1st quarter worth about $214,000. Institutional investors own 92.88% of the company’s stock.

Terex Trading Down 2.8%

TEX stock opened at $51.23 on Wednesday. The company has a market capitalization of $3.36 billion, a PE ratio of 19.12, a P/E/G ratio of 5.31 and a beta of 1.65. Terex Corporation has a 12 month low of $31.53 and a 12 month high of $58.66. The firm’s 50-day moving average is $50.55 and its 200 day moving average is $44.46. 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) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate 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 net margin of 3.46% and a return on equity of 15.95%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 EPS. Terex has set its FY 2025 guidance at 4.700-5.100 EPS. On average, research analysts anticipate that Terex Corporation will post 4.83 EPS for the current year.

Terex Announces Dividend

The firm also recently announced 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 of this dividend 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 (DPR) is 25.37%.

Analyst Ratings Changes

Several research firms have recently issued reports on TEX. The Goldman Sachs Group upgraded shares of Terex from a “neutral” rating to a “buy” rating and raised their target price for the stock from $45.00 to $60.00 in a report on Tuesday, May 27th. Evercore ISI increased their target price on Terex from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Baird R W upgraded Terex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their target price on Terex from $43.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. Finally, Wall Street Zen upgraded Terex from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Terex currently has an average rating of “Moderate Buy” and a consensus price target of $52.22.

Insider Buying and Selling

In other Terex news, VP Scott Posner sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were 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 of the company’s stock, valued at approximately $3,550,554. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.