Ternium S.A. (NYSE:TX) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Ternium S.A. (NYSE:TX) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,080 shares of the basic materials company’s stock after purchasing an additional 2,462 shares during the period. Envestnet Asset Management Inc.’s holdings in Ternium were worth $933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Ternium by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock valued at $2,650,000 after buying an additional 9,459 shares during the period. Ninety One UK Ltd grew its stake in shares of Ternium by 2.9% during the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock worth $70,313,000 after purchasing an additional 68,366 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Ternium in the 4th quarter valued at about $204,000. Donald Smith & CO. Inc. lifted its stake in Ternium by 19.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company’s stock worth $87,903,000 after purchasing an additional 483,052 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Ternium by 15.5% during the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company’s stock worth $6,073,000 after purchasing an additional 28,054 shares in the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Ternium Price Performance

Ternium stock opened at $29.25 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. Ternium S.A. has a one year low of $24.00 and a one year high of $43.93. The company has a market cap of $5.86 billion, a P/E ratio of -104.46, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56. The business has a fifty day moving average of $29.50 and a two-hundred day moving average of $30.81.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.22. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, analysts predict that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be given a $1.80 dividend. 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 payout ratio is currently -202.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TX shares. Bank of America reiterated an “underperform” rating and set a $25.00 target price on shares of Ternium in a research report on Monday, April 7th. UBS Group initiated coverage on Ternium in a research report on Wednesday, March 12th. They issued a “neutral” rating and a $32.00 price target on the stock. Finally, The Goldman Sachs Group dropped their target price on Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ternium presently has an average rating of “Hold” and an average target price of $37.00.

Ternium Company 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.