Ternium S.A. $TX Shares Sold by Advisors Preferred LLC

Key Points

• Advisors Preferred LLC cut its Ternium stake by 80.4%, selling 26,359 shares in Q4 and retaining 6,430 shares valued at $252,000 per its SEC filing.
• Ternium missed Q4 estimates with $0.62 EPS vs. $0.77 expected and $3.77 billion in revenue (vs. $3.81B), posting a 2.72% net margin and a 2.6% year‑over‑year revenue decline.
• The company declared a $0.90 dividend payable May 20 (record/ex‑dividend date May 14), reported in the article as a 413.0% yield; analysts' consensus is a "Moderate Buy" with an average price target of $40.94.

Advisors Preferred LLC lowered its holdings in Ternium S.A. (NYSE:TX - Free Report) by 80.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,430 shares of the basic materials company's stock after selling 26,359 shares during the quarter. Advisors Preferred LLC's holdings in Ternium were worth $252,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TX. Caxton Associates LLP increased its position in Ternium by 2.8% during the 2nd quarter. Caxton Associates LLP now owns 17,819 shares of the basic materials company's stock worth $536,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC increased its position in Ternium by 56.4% during the 4th quarter. GAMMA Investing LLC now owns 1,659 shares of the basic materials company's stock worth $63,000 after purchasing an additional 598 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ternium by 142.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company's stock worth $44,000 after purchasing an additional 736 shares in the last quarter. Militia Capital Partners LP increased its position in Ternium by 2.5% during the 3rd quarter. Militia Capital Partners LP now owns 37,000 shares of the basic materials company's stock worth $1,285,000 after purchasing an additional 916 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Ternium during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

TX has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "buy" rating and set a $49.00 price objective on shares of Ternium in a research report on Friday, April 24th. Zacks Research cut Ternium from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 29th. Weiss Ratings upgraded Ternium from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Scotiabank restated a "sector perform" rating and issued a $40.00 price target on shares of Ternium in a report on Thursday, March 26th. Finally, Bank of America upgraded Ternium from a "neutral" rating to a "buy" rating and set a $46.00 price target for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.94.

Ternium Stock Down 1.4%

Shares of NYSE:TX opened at $42.78 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.45 and a current ratio of 2.49. Ternium S.A. has a 1 year low of $27.12 and a 1 year high of $45.57. The stock has a market capitalization of $8.58 billion, a P/E ratio of 19.80 and a beta of 1.26. The stock has a 50-day simple moving average of $40.98 and a 200-day simple moving average of $39.74.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.15). The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. Ternium had a return on equity of 3.06% and a net margin of 2.72%.The business's revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm posted ($0.42) earnings per share. Equities analysts forecast that Ternium S.A. will post 4.18 earnings per share for the current year.

Ternium Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, May 14th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a yield of 413.0%. Ternium's payout ratio is 83.33%.

About Ternium

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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