Ternium S.A. (NYSE:TX) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in Ternium S.A. (NYSE:TX - Free Report) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,827 shares of the basic materials company's stock after acquiring an additional 28,054 shares during the quarter. Wellington Management Group LLP owned approximately 0.11% of Ternium worth $6,073,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Ternium by 14.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company's stock worth $298,000 after buying an additional 1,289 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ternium during the fourth quarter worth about $54,000. R Squared Ltd purchased a new position in shares of Ternium during the fourth quarter valued at approximately $88,000. SBI Securities Co. Ltd. acquired a new stake in Ternium during the fourth quarter worth approximately $104,000. Finally, Robeco Institutional Asset Management B.V. grew 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 period. Institutional investors and hedge funds own 11.98% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group started coverage on Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective on the stock. The Goldman Sachs Group lowered their price target on Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Bank of America reissued an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research report on Monday, April 7th. One equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $37.00.

Ternium Trading Up 0.3 %

TX traded up $0.09 on Wednesday, reaching $26.92. 30,149 shares of the company's stock were exchanged, compared to its average volume of 231,062. The company has a market cap of $5.40 billion, a price-to-earnings ratio of -96.14, a PEG ratio of 0.38 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $44.25. The company's 50 day moving average is $29.91 and its 200-day moving average is $31.46.

Ternium (NYSE:TX - Get Free Report) last posted its earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.97 by ($1.39). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.18 billion. Equities analysts predict that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 10.3%. This is a positive change from Ternium's previous semi-annual dividend of $0.09. Ternium's dividend payout ratio (DPR) is currently -1,285.71%.

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.