Atria Wealth Solutions Inc. Takes $204,000 Position in Ternium S.A. (NYSE:TX)

Atria Wealth Solutions Inc. purchased a new stake in shares of Ternium S.A. (NYSE:TX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,000 shares of the basic materials company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ninety One UK Ltd raised its position in shares of Ternium by 2.9% in the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock valued at $70,313,000 after purchasing an additional 68,366 shares in the last quarter. Ninety One North America Inc. increased its stake in shares of Ternium by 0.7% in the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company’s stock worth $25,104,000 after buying an additional 6,342 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Ternium by 2.8% in the third quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company’s stock valued at $25,373,000 after acquiring an additional 18,967 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Ternium by 1.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock valued at $11,437,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Ternium during the 3rd quarter worth $6,743,000. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TX shares. StockNews.com lowered shares of Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lowered their price objective on Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 6th.

Ternium Stock Performance

Ternium stock opened at $28.83 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. Ternium S.A. has a 12 month low of $28.00 and a 12 month high of $44.44. The company has a fifty day moving average price of $29.44 and a two-hundred day moving average price of $32.41. The company has a market cap of $5.66 billion, a PE ratio of -102.94, a P/E/G ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39). The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. Research analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. This represents a dividend yield of 10.3%. Ternium’s dividend payout ratio is -1,285.71%.

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.