PointState Capital LP Makes New Investment in Ternium S.A. (NYSE:TX)

PointState Capital LP acquired a new stake in shares of Ternium S.A. (NYSE:TX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 141,403 shares of the basic materials company's stock, valued at approximately $4,112,000. PointState Capital LP owned 0.07% of Ternium as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in Ternium in the 4th quarter worth about $88,000. Robeco Institutional Asset Management B.V. increased its stake in Ternium by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock worth $11,437,000 after acquiring an additional 5,000 shares during the last quarter. Ninety One North America Inc. increased its stake in Ternium by 0.7% in the 4th quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock worth $25,104,000 after acquiring an additional 6,342 shares during the last quarter. Ninety One UK Ltd increased its stake in Ternium by 2.9% in the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock worth $70,313,000 after acquiring an additional 68,366 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Ternium by 6.7% in the 4th quarter. Van ECK Associates Corp now owns 114,599 shares of the basic materials company's stock worth $3,333,000 after acquiring an additional 7,156 shares during the last quarter. 11.98% of the stock is currently owned by institutional investors.

Ternium Price Performance

Shares of Ternium stock traded up $0.21 during trading on Tuesday, hitting $28.41. 62,375 shares of the stock traded hands, compared to its average volume of 219,019. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of -101.34, a PEG ratio of 0.38 and a beta of 1.53. The firm's fifty day moving average is $29.17 and its 200-day moving average is $30.25. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $43.93.

Ternium (NYSE:TX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.22. The company had revenue of $3.93 billion during the quarter, compared to analysts' expectations of $4 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. Ternium's quarterly 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 EPS. Research analysts expect that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were given a $1.80 dividend. This is a boost from Ternium's previous semi-annual dividend of $0.09. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 10.3%. Ternium's payout ratio is presently -202.25%.

Analysts Set New Price Targets

TX has been the subject of a number of research analyst reports. 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 report on Thursday, April 3rd. Bank of America reiterated an "underperform" rating and set a $25.00 price objective on shares of Ternium in a research report on Monday, April 7th. Finally, UBS Group initiated coverage on Ternium in a research report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ternium presently has a consensus rating of "Hold" and an average target price of $37.00.

Ternium Profile

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.