Van ECK Associates Corp Increases Stock Holdings in Ternium S.A. (NYSE:TX)

Van ECK Associates Corp boosted its stake in Ternium S.A. (NYSE:TXGet Rating) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,064 shares of the basic materials company’s stock after purchasing an additional 10,616 shares during the quarter. Van ECK Associates Corp owned about 0.07% of Ternium worth $3,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors raised its stake in Ternium by 100.0% in the first quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 500 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Ternium by 0.3% in the second quarter. Crossmark Global Holdings Inc. now owns 166,492 shares of the basic materials company’s stock valued at $6,009,000 after purchasing an additional 535 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Ternium in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in Ternium in the second quarter valued at approximately $50,000. Finally, Janney Montgomery Scott LLC grew its position in Ternium by 11.1% during the second quarter. Janney Montgomery Scott LLC now owns 16,761 shares of the basic materials company’s stock valued at $627,000 after acquiring an additional 1,677 shares during the last quarter. 10.41% of the stock is owned by hedge funds and other institutional investors.

Ternium Stock Up 1.6 %

Shares of Ternium stock opened at $35.35 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.31 and a current ratio of 4.21. Ternium S.A. has a 52-week low of $26.01 and a 52-week high of $50.36. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 2.55 and a beta of 1.48. The company’s 50 day moving average price is $31.07 and its 200-day moving average price is $31.29.

Ternium (NYSE:TXGet Rating) last issued its earnings results on Thursday, November 3rd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.92). Ternium had a return on equity of 20.59% and a net margin of 15.85%. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.10 billion. Equities research analysts forecast that Ternium S.A. will post 9.31 EPS for the current year.

Ternium Cuts Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 15th were issued a $0.90 dividend. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, November 14th. Ternium’s dividend payout ratio is 12.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TX. Grupo Santander cut shares of Ternium from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $35.00 in a research report on Monday, November 28th. StockNews.com began coverage on shares of Ternium in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Ternium has an average rating of “Hold” and an average price target of $41.80.

Ternium Profile

(Get Rating)

Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

See Also

Want to see what other hedge funds are holding TX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ternium S.A. (NYSE:TXGet Rating).

Institutional Ownership by Quarter for Ternium (NYSE:TX)

Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with MarketBeat.com's FREE daily email newsletter.