Deprince Race & Zollo Inc. Has $3.11 Million Holdings in Ternium S.A. (NYSE:TX)

Deprince Race & Zollo Inc. trimmed its holdings in shares of Ternium S.A. (NYSE:TX - Free Report) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,005 shares of the basic materials company's stock after selling 63,990 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.05% of Ternium worth $3,112,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in shares of Ternium by 500.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Headlands Technologies LLC raised its holdings in shares of Ternium by 249.5% in the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock valued at $49,000 after buying an additional 1,200 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ternium in the fourth quarter valued at approximately $54,000. Aquatic Capital Management LLC boosted its holdings in shares of Ternium by 28.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock valued at $63,000 after buying an additional 482 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Ternium in the fourth quarter valued at about $88,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TX shares. The Goldman Sachs Group dropped their price objective on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Bank of America reaffirmed an "underperform" rating and set a $25.00 price objective on shares of Ternium in a research note on Monday, April 7th. Finally, UBS Group initiated coverage on shares of Ternium in a report on Wednesday, March 12th. They issued 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 issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.00.

Ternium Stock Down 1.5%

Shares of NYSE:TX traded down $0.43 during midday trading on Wednesday, hitting $28.28. 41,000 shares of the company's stock traded hands, compared to its average volume of 248,955. The company has a market cap of $5.67 billion, a PE ratio of -101.00, 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 firm's fifty day moving average price is $29.46 and its two-hundred day moving average price is $30.46. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $43.93.

Ternium (NYSE:TX - Get Free Report) last announced its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, beating 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%. Ternium's revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 earnings per share. On average, equities research analysts anticipate that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Ternium's previous semi-annual dividend of $0.09. This represents a dividend yield of 10.3%. Ternium's dividend payout ratio (DPR) is -202.25%.

About Ternium

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.