Raymond James Financial Services Advisors Inc. Buys Shares of 5,707 Ternium S.A. (NYSE:TX)

Raymond James Financial Services Advisors Inc. purchased a new position in Ternium S.A. (NYSE:TX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,707 shares of the basic materials company’s stock, valued at approximately $242,000.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP lifted its position in Ternium by 63.1% in the third quarter. Quantbot Technologies LP now owns 5,615 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 2,173 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Ternium in the third quarter valued at $269,000. Aigen Investment Management LP bought a new position in Ternium during the third quarter valued at about $307,000. Kestra Private Wealth Services LLC acquired a new position in Ternium during the third quarter worth about $328,000. Finally, Commonwealth Equity Services LLC raised its position in Ternium by 21.8% in the third quarter. Commonwealth Equity Services LLC now owns 9,317 shares of the basic materials company’s stock worth $372,000 after acquiring an additional 1,670 shares in the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Stock Performance

Ternium stock opened at $42.60 on Wednesday. Ternium S.A. has a fifty-two week low of $35.22 and a fifty-two week high of $45.58. The firm’s 50 day simple moving average is $40.84 and its 200-day simple moving average is $39.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.17 and a quick ratio of 1.86. The company has a market cap of $8.54 billion, a P/E ratio of 12.38 and a beta of 1.69.

Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.79. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The company’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. As a group, equities research analysts predict that Ternium S.A. will post 6.14 EPS for the current year.

Ternium Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be paid a $2.20 dividend. This is an increase from Ternium’s previous Semi-Annual dividend of $1.10. This represents a yield of 6.9%. The ex-dividend date of this dividend is Thursday, May 2nd. Ternium’s dividend payout ratio is currently 63.95%.

Analyst Upgrades and Downgrades

TX has been the subject of several research reports. TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a research report on Friday, January 12th. The Goldman Sachs Group raised their target price on shares of Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price target on Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a report on Thursday, March 21st. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $50.83.

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.