Ninety One UK Ltd decreased its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,638,376 shares of the basic materials company's stock after selling 77,572 shares during the period. Ninety One UK Ltd owned about 0.83% of Ternium worth $69,582,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TX. Key Financial Inc grew its stake in Ternium by 5,900.0% during the 4th quarter. Key Financial Inc now owns 600 shares of the basic materials company's stock worth $25,000 after purchasing an additional 590 shares in the last quarter. Fortis Capital Advisors LLC raised its holdings in Ternium by 1,971.9% in the first quarter. Fortis Capital Advisors LLC now owns 663 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 631 shares in the last quarter. Blue Trust Inc. purchased a new position in Ternium in the fourth quarter worth approximately $30,000. Captrust Financial Advisors grew its holdings in Ternium by 100.0% during the 1st quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company's stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Ternium by 49.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company's stock valued at $45,000 after purchasing an additional 350 shares during the last quarter. 11.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Ternium from $49.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective on Ternium from $48.00 to $51.50 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. Finally, TheStreet raised Ternium from a "c+" rating to a "b-" rating in a research report on Friday, January 12th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $50.83.
View Our Latest Research Report on Ternium
Ternium Stock Up 0.5 %
NYSE:TX traded up $0.22 during midday trading on Thursday, hitting $42.92. 153,640 shares of the company were exchanged, compared to its average volume of 179,061. The company has a fifty day simple moving average of $40.41 and a 200 day simple moving average of $39.53. The company has a market capitalization of $8.60 billion, a PE ratio of 12.43 and a beta of 1.69. Ternium S.A. has a fifty-two week low of $35.22 and a fifty-two week high of $45.58. The company has a current ratio of 3.17, a quick ratio of 1.86 and a debt-to-equity ratio of 0.08.
Ternium (NYSE:TX - Get Free Report) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $2.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.79. Ternium had a return on equity of 10.84% and a net margin of 3.84%. The firm had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.94 billion. During the same period in the prior year, the firm earned $0.20 EPS. The business's revenue was up 39.1% on a year-over-year basis. As a group, equities analysts anticipate that Ternium S.A. will post 6.91 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 8th. Stockholders of record on Friday, May 3rd will be issued a $2.20 dividend. This represents a dividend yield of 6.9%. This is a boost from Ternium's previous Semi-Annual dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 2nd. Ternium's payout ratio is presently 127.91%.
Ternium Company Profile
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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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