Deprince Race & Zollo Inc. Lowers Holdings in Ternium S.A. $TX

Deprince Race & Zollo Inc. lowered its holdings in Ternium S.A. (NYSE:TX) by 27.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,021 shares of the basic materials company’s stock after selling 38,718 shares during the quarter. Deprince Race & Zollo Inc. owned 0.05% of Ternium worth $3,508,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Ternium by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,061 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 303 shares during the last quarter. Blue Trust Inc. lifted its position in Ternium by 17.5% in the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after buying an additional 335 shares during the last quarter. State of Wyoming acquired a new position in Ternium in the second quarter valued at about $119,000. Rexford Capital Inc. purchased a new position in Ternium during the second quarter worth about $121,000. Finally, Hantz Financial Services Inc. increased its position in shares of Ternium by 1,361.0% during the second quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock valued at $211,000 after acquiring an additional 6,519 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TX shares. Hsbc Global Res upgraded shares of Ternium to a “strong-buy” rating in a report on Friday, October 17th. UBS Group boosted their target price on Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Wall Street Zen cut Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. HSBC set a $41.00 price objective on Ternium and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Scotiabank decreased their target price on Ternium from $41.00 to $40.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ternium has an average rating of “Hold” and an average target price of $35.56.

Ternium Stock Performance

NYSE:TX opened at $38.53 on Monday. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $39.00. The company has a fifty day simple moving average of $36.89 and a two-hundred day simple moving average of $34.26. 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 $7.72 billion, a price-to-earnings ratio of 12.97 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 (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.68). Ternium had a net margin of 3.72% and a return on equity of 1.89%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. The firm’s revenue was down 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were paid a $0.90 dividend. This represents a dividend yield of 503.0%. The ex-dividend date was Monday, November 10th. Ternium’s dividend payout ratio (DPR) is presently 60.61%.

Ternium Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.