Victory Capital Management Inc. Sells 21,595 Shares of Ternium S.A. (NYSE:TX)

Victory Capital Management Inc. lowered its holdings in shares of Ternium S.A. (NYSE:TX) by 2.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 944,691 shares of the basic materials company’s stock after selling 21,595 shares during the period. Victory Capital Management Inc.’s holdings in Ternium were worth $40,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TX. WealthTrust Axiom LLC lifted its stake in shares of Ternium by 1.0% in the fourth quarter. WealthTrust Axiom LLC now owns 29,400 shares of the basic materials company’s stock worth $1,249,000 after acquiring an additional 300 shares during the period. Van ECK Associates Corp lifted its position in shares of Ternium by 5.4% in the 4th quarter. Van ECK Associates Corp now owns 150,005 shares of the basic materials company’s stock worth $6,371,000 after purchasing an additional 7,680 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Ternium by 13.1% in the 4th quarter. Handelsbanken Fonder AB now owns 33,781 shares of the basic materials company’s stock valued at $1,435,000 after purchasing an additional 3,900 shares during the last quarter. Key Financial Inc increased its position in shares of Ternium by 5,900.0% during the fourth quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock worth $25,000 after buying an additional 590 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Ternium by 28.4% during the fourth quarter. Mackenzie Financial Corp now owns 82,729 shares of the basic materials company’s stock worth $3,514,000 after buying an additional 18,300 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TheStreet upgraded Ternium from a “c+” rating to a “b-” rating in a report on Friday, January 12th. JPMorgan Chase & Co. raised their target price on Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a research note on Thursday, March 21st. StockNews.com downgraded Ternium from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 29th. Finally, The Goldman Sachs Group raised their price objective on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $50.83.

Ternium Price Performance

Shares of NYSE TX opened at $40.30 on Tuesday. The company has a market capitalization of $8.08 billion, a PE ratio of 11.96 and a beta of 1.69. The company has a quick ratio of 1.98, a current ratio of 3.32 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $41.43 and its 200-day moving average price is $39.96. Ternium S.A. has a twelve month low of $35.22 and a twelve month high of $45.58.

Ternium (NYSE:TX) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.54. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.77 billion. Ternium had a return on equity of 10.21% and a net margin of 3.53%. Ternium’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the company posted $1.91 earnings per share. On average, equities analysts anticipate that Ternium S.A. will post 6.42 EPS for the current year.

Ternium Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be issued a dividend of $2.20 per share. This represents a yield of 6.9%. The ex-dividend date is Thursday, May 2nd. This is an increase from Ternium’s previous Semi-Annual dividend of $1.10. Ternium’s dividend payout ratio (DPR) is 130.56%.

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.