Donald Smith & CO. Inc. Purchases 312,595 Shares of Ternium S.A. $TX

Donald Smith & CO. Inc. lifted its holdings in Ternium S.A. (NYSE:TX) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,412,385 shares of the basic materials company’s stock after purchasing an additional 312,595 shares during the period. Ternium comprises 2.4% of Donald Smith & CO. Inc.’s holdings, making the stock its 18th biggest position. Donald Smith & CO. Inc. owned 1.70% of Ternium worth $102,713,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brooklyn Investment Group boosted its holdings in Ternium by 201,700.0% in the first quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 2,017 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Ternium by 1,361.0% in the second quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 6,519 shares during the period. Arrow Investment Advisors LLC purchased a new position in shares of Ternium during the 2nd quarter valued at about $221,000. Aberdeen Group plc purchased a new position in Ternium during the second quarter valued at approximately $258,000. Finally, Cetera Investment Advisers lifted its stake in shares of Ternium by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 890 shares during the period. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TX has been the subject of a number of research reports. Zacks Research raised shares of Ternium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. HSBC set a $41.00 price target on shares of Ternium and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ternium in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Wall Street Zen lowered shares of Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Ternium presently has a consensus rating of “Hold” and a consensus price target of $34.69.

Ternium Stock Down 0.5%

TX opened at $38.40 on Friday. The business has a 50 day moving average price of $36.21 and a two-hundred day moving average price of $33.20. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $39.00. The company has a quick ratio of 1.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The company has a market cap of $7.70 billion, a PE ratio of 12.93 and a beta of 1.36.

Ternium (NYSE:TX) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Ternium had a net margin of 3.72% and a return on equity of 1.89%. Ternium’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. As a group, research analysts anticipate that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Announces Dividend

The company also recently announced a dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a yield of 503.0%. Ternium’s payout ratio is presently 60.61%.

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.