Ternium S.A. (NYSE:TX) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Ternium S.A. (NYSE:TX) by 11.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,935 shares of the basic materials company’s stock after selling 982 shares during the period. Geode Capital Management LLC’s holdings in Ternium were worth $231,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TX. Headlands Technologies LLC increased its stake in Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the period. Wellington Management Group LLP grew its holdings in shares of 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 buying an additional 28,054 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Ternium by 14.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company’s stock valued at $298,000 after acquiring an additional 1,289 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Ternium during the 4th quarter valued at approximately $54,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Ternium during the 4th quarter worth approximately $104,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TX. UBS Group assumed coverage on Ternium in a report on Wednesday, March 12th. They issued a “neutral” rating and a $32.00 target price on the stock. The Goldman Sachs Group dropped their price objective on shares of Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $25.00 target price on shares of Ternium in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.00.

Ternium Trading Up 3.3 %

NYSE:TX opened at $30.18 on Friday. Ternium S.A. has a 1 year low of $24.00 and a 1 year high of $43.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. The stock has a fifty day moving average price of $29.52 and a two-hundred day moving average price of $30.75. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of -107.78, a PEG ratio of 0.38 and a beta of 1.56.

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

Ternium Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be issued a $1.80 dividend. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 10.3%. This is a boost from Ternium’s previous semi-annual dividend of $0.09. Ternium’s dividend payout ratio is currently -202.25%.

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.