Handelsbanken Fonder AB Has $1.44 Million Holdings in Ternium S.A. (NYSE:TX)

Handelsbanken Fonder AB boosted its stake in shares of Ternium S.A. (NYSE:TX) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,781 shares of the basic materials company’s stock after purchasing an additional 3,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ternium were worth $1,435,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Ternium by 48.7% in the 3rd quarter. Victory Capital Management Inc. now owns 966,286 shares of the basic materials company’s stock valued at $38,555,000 after buying an additional 316,432 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of Ternium by 430.7% in the 3rd quarter. CWA Asset Management Group LLC now owns 195,610 shares of the basic materials company’s stock valued at $7,805,000 after buying an additional 158,751 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Ternium by 11.6% in the 3rd quarter. Van ECK Associates Corp now owns 142,325 shares of the basic materials company’s stock valued at $5,679,000 after buying an additional 14,811 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Ternium by 42.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 131,260 shares of the basic materials company’s stock valued at $5,237,000 after buying an additional 39,200 shares in the last quarter. Finally, PointState Capital LP acquired a new position in shares of Ternium in the 3rd quarter valued at $4,952,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Ternium Trading Up 2.2 %

Shares of Ternium stock opened at $43.58 on Friday. The stock has a market capitalization of $8.74 billion, a P/E ratio of 12.93 and a beta of 1.69. The company has a quick ratio of 1.86, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $41.16 and a 200 day simple moving average of $39.80. Ternium S.A. has a 12-month low of $35.22 and a 12-month high of $45.58.

Ternium (NYSE:TX) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.54. Ternium had a net margin of 3.53% and a return on equity of 10.21%. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter last year, the company posted $1.91 EPS. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. Research analysts expect that Ternium S.A. will post 6.14 earnings per share for the current fiscal year.

Ternium Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, May 3rd will be issued a dividend of $2.20 per share. The ex-dividend date is Thursday, May 2nd. This represents a yield of 6.9%. This is a positive change from Ternium’s previous Semi-Annual dividend of $1.10. Ternium’s dividend payout ratio is currently 65.28%.

About Ternium

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.