Ternium S.A. $TX Shares Acquired by Prudential PLC

Key Points

• Prudential PLC increased its stake in Ternium by 5.5% to 717,593 shares, representing about a 0.36% ownership and valued at roughly $24.92 million at quarter-end.
• Ternium missed quarterly expectations, reporting EPS of $0.62 vs. $0.77 expected and revenue of $3.78B vs. $3.81B, with the stock down 1.8% and a consensus analyst rating of "Hold" (average target $35.94).
• Ternium declared a $0.90 dividend to be paid May 15 (ex-dividend May 14), with a reported payout ratio of 83.33% and a stated dividend yield of 413.0% in the article.

Prudential PLC grew its holdings in shares of Ternium S.A. (NYSE:TX - Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 717,593 shares of the basic materials company's stock after purchasing an additional 37,408 shares during the period. Prudential PLC owned approximately 0.36% of Ternium worth $24,922,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TX. GAMMA Investing LLC increased its position in Ternium by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company's stock valued at $37,000 after buying an additional 303 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ternium by 142.1% in the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company's stock worth $44,000 after acquiring an additional 736 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company's stock worth $78,000 after acquiring an additional 335 shares during the last quarter. State of Wyoming purchased a new stake in shares of Ternium during the second quarter worth about $119,000. Finally, Rexford Capital Inc. acquired a new position in shares of Ternium during the second quarter valued at about $121,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ternium Stock Down 1.8%

NYSE:TX opened at $37.69 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.49 and a quick ratio of 1.45. The company's fifty day moving average price is $42.22 and its 200-day moving average price is $38.22. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $45.57. The firm has a market capitalization of $7.56 billion, a P/E ratio of 17.45 and a beta of 1.32.

Ternium (NYSE:TX - Get Free Report) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.15). Ternium had a net margin of 2.72% and a return on equity of 3.06%. The business 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 firm earned ($0.42) earnings per share. The company's revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, May 14th will be issued a $0.90 dividend. This represents a dividend yield of 413.0%. The ex-dividend date of this dividend is Thursday, May 14th. Ternium's 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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