Investors Research Corp bought a new stake in Ternium SA (NYSE:TX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,500 shares of the basic materials company’s stock, valued at approximately $205,000.
Several other institutional investors have also bought and sold shares of the stock. Ameriprise Financial Inc. raised its holdings in shares of Ternium by 34.1% in the second quarter. Ameriprise Financial Inc. now owns 14,445 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 3,673 shares during the last quarter. State Street Corp increased its stake in Ternium by 61.5% in the second quarter. State Street Corp now owns 169,558 shares of the basic materials company’s stock valued at $4,764,000 after purchasing an additional 64,542 shares during the last quarter. First Trust Advisors LP acquired a new position in Ternium in the third quarter valued at $317,000. Victory Capital Management Inc. increased its stake in Ternium by 5.4% in the third quarter. Victory Capital Management Inc. now owns 148,785 shares of the basic materials company’s stock valued at $4,602,000 after purchasing an additional 7,621 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Ternium during the third quarter valued at about $238,000. Hedge funds and other institutional investors own 18.99% of the company’s stock.
TX has been the subject of a number of research reports. Zacks Investment Research raised Ternium from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Saturday, January 6th. ValuEngine upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Santander upgraded Ternium from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Morgan Stanley upgraded Ternium from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 6th. Finally, Scotiabank set a $43.00 price target on Ternium and gave the stock a “buy” rating in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.25.
Ternium SA (NYSE:TX) traded down $0.22 on Wednesday, hitting $33.30. The stock had a trading volume of 130,850 shares, compared to its average volume of 430,313. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 0.65. Ternium SA has a one year low of $22.78 and a one year high of $39.48. The stock has a market capitalization of $6,680.00, a price-to-earnings ratio of 7.42 and a beta of 1.10.
Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.03). The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Ternium had a return on equity of 15.65% and a net margin of 9.28%. Ternium’s revenue was up 49.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. equities analysts expect that Ternium SA will post 3.53 earnings per share for the current year.
The firm also recently declared an annual dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th will be given a $1.10 dividend. This is an increase from Ternium’s previous annual dividend of $0.90. This represents a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, May 4th. Ternium’s dividend payout ratio (DPR) is currently 22.27%.
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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