Schroder Investment Management Group Has $79.16 Million Stock Holdings in Ternium S.A. $TX

Key Points

• Schroder Investment Management Group raised its stake in Ternium by 4.7% to 2,279,273 shares—about a 1.14% ownership position valued at $79.16 million per its latest 13F filing.
• Ternium missed quarterly estimates with EPS of $0.62 versus $0.77 expected and revenue of $3.78 billion versus $3.81 billion expected, with revenue down 2.6% year-over-year.
• The company declared a cash dividend of $0.90 per share, payable on May 15 to shareholders of record on May 14 (ex-dividend date May 14).

Schroder Investment Management Group lifted its position in Ternium S.A. (NYSE:TX - Free Report) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,279,273 shares of the basic materials company's stock after buying an additional 101,748 shares during the quarter. Schroder Investment Management Group owned about 1.14% of Ternium worth $79,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Ternium by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company's stock worth $37,000 after acquiring an additional 303 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 736 shares during the period. Blue Trust Inc. boosted its holdings in Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company's stock valued at $78,000 after acquiring an additional 335 shares during the period. State of Wyoming acquired a new stake in shares of Ternium in the second quarter valued at about $119,000. Finally, Rexford Capital Inc. acquired a new stake in shares of Ternium in the second quarter valued at about $121,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on TX shares. Weiss Ratings raised Ternium from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. Zacks Research lowered Ternium from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 29th. Wells Fargo & Company dropped their price target on Ternium from $34.00 to $33.00 and set an "underweight" rating on the stock in a research report on Thursday, February 19th. Finally, UBS Group upped their price target on Ternium from $32.00 to $39.00 and gave the stock a "neutral" rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $35.94.

Ternium Stock Up 1.1%

NYSE TX opened at $39.55 on Tuesday. The stock's 50 day moving average is $42.17 and its two-hundred day moving average is $38.13. The company has a current ratio of 2.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 18.31 and a beta of 1.32. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $45.57.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.15). Ternium had a return on equity of 3.06% and a net margin of 2.72%.The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the company earned ($0.42) earnings per share. The business's revenue was down 2.6% compared to the same quarter last year. Equities analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, May 14th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a yield of 413.0%. Ternium's dividend payout ratio is 83.33%.

Ternium Profile

Ternium SA NYSE: TX is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.

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