Bearing Point Capital LLC bought a new stake in shares of Ternium S.A. (NYSE:TX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,800 shares of the basic materials company's stock, valued at approximately $459,000.
Several other hedge funds have also made changes to their positions in the stock. Donald Smith & CO. Inc. boosted its position in Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock valued at $87,903,000 after buying an additional 483,052 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Ternium by 2.9% in the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock valued at $70,313,000 after acquiring an additional 68,366 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Ternium by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock valued at $8,852,000 after buying an additional 28,700 shares during the period. Wellington Management Group LLP lifted its holdings in Ternium by 15.5% during the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock worth $6,073,000 after acquiring an additional 28,054 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Ternium by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company's stock valued at $2,650,000 after purchasing an additional 9,459 shares during the period. Institutional investors own 11.98% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on TX. Bank of America reiterated an "underperform" rating and set a $25.00 target price on shares of Ternium in a report on Monday, April 7th. The Goldman Sachs Group decreased their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, UBS Group started coverage on Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Ternium presently has an average rating of "Hold" and an average target price of $37.00.
Check Out Our Latest Stock Analysis on TX
Ternium Stock Performance
Shares of Ternium stock traded down $0.29 during mid-day trading on Wednesday, hitting $29.10. 172,097 shares of the stock were exchanged, compared to its average volume of 222,666. The company has a market capitalization of $5.83 billion, a P/E ratio of -103.92, a P/E/G ratio of 0.38 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. The company has a 50-day simple moving average of $29.53 and a 200 day simple moving average of $30.66. Ternium S.A. has a 12 month low of $24.00 and a 12 month high of $43.93.
Ternium (NYSE:TX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.33 by $0.22. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The firm's revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 EPS. Sell-side analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.
Ternium Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th will be paid a dividend of $1.80 per share. This represents a yield of 10.3%. This is an increase from Ternium's previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. Ternium's dividend payout ratio (DPR) is currently -202.25%.
About Ternium
(
Free Report)
Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.
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