Wells Fargo & Company MN Has $1.50 Million Stock Position in Ternium S.A. (NYSE:TX)

Wells Fargo & Company MN decreased its stake in Ternium S.A. (NYSE:TX - Free Report) by 18.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,687 shares of the basic materials company's stock after selling 11,901 shares during the quarter. Wells Fargo & Company MN's holdings in Ternium were worth $1,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TX. Headlands Technologies LLC lifted its holdings in shares of Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 1,200 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Ternium by 14.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company's stock valued at $298,000 after buying an additional 1,289 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Ternium in the 4th quarter worth about $54,000. R Squared Ltd acquired a new stake in Ternium during the 4th quarter worth about $88,000. Finally, SBI Securities Co. Ltd. purchased a new position in Ternium during the 4th quarter valued at about $104,000. Hedge funds and other institutional investors own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

TX has been the subject of a number of research analyst reports. Bank of America reissued an "underperform" rating and issued a $25.00 price target on shares of Ternium in a research report on Monday, April 7th. UBS Group began coverage on shares of Ternium in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Ternium presently has a consensus rating of "Hold" and an average price target of $37.00.

Ternium Stock Up 2.4 %

NYSE:TX traded up $0.71 during mid-day trading on Friday, reaching $29.92. The stock had a trading volume of 37,170 shares, compared to its average volume of 224,147. The stock has a market cap of $6.00 billion, a P/E ratio of -107.35, a PEG ratio of 0.38 and a beta of 1.56. The business's 50 day moving average is $29.50 and its 200 day moving average is $30.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week 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, beating 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 positive return on equity of 1.82% and a negative net margin of 0.31%. The business's revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. As a group, sell-side analysts predict that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

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

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.