Lazard Asset Management LLC Has $126.08 Million Stake in Ternium S.A. (NYSE:TX)

Lazard Asset Management LLC decreased its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,335,531 shares of the basic materials company's stock after selling 12,036 shares during the period. Lazard Asset Management LLC owned about 2.21% of Ternium worth $126,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TX. R Squared Ltd bought a new stake in shares of Ternium during the fourth quarter valued at approximately $88,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Ternium by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock valued at $11,437,000 after purchasing an additional 5,000 shares during the last quarter. Ninety One North America Inc. grew its stake in shares of Ternium by 0.7% during the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock valued at $25,104,000 after purchasing an additional 6,342 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Ternium by 2.9% during the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock valued at $70,313,000 after purchasing an additional 68,366 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Ternium by 6.7% during the fourth quarter. Van ECK Associates Corp now owns 114,599 shares of the basic materials company's stock valued at $3,333,000 after purchasing an additional 7,156 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Trading Down 0.2%

TX traded down $0.07 during mid-day trading on Friday, hitting $28.00. The stock had a trading volume of 168,804 shares, compared to its average volume of 220,436. The stock's fifty day simple moving average is $29.25 and its 200-day simple moving average is $30.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of -100.00, a price-to-earnings-growth ratio of 0.38 and a beta of 1.53. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $43.93.

Ternium (NYSE:TX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.22. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $4 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period last year, the business posted $1.84 earnings per share. As a group, research analysts forecast that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were issued a $1.80 dividend. The ex-dividend date was Friday, May 9th. This is a positive change from Ternium's previous semi-annual dividend of $0.09. This represents a yield of 10.3%. Ternium's dividend payout ratio (DPR) is -202.25%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group initiated coverage on shares of Ternium in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price objective on the stock. Finally, Bank of America reaffirmed an "underperform" rating and issued a $25.00 price objective on shares of Ternium in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.00.

Ternium Company 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.