Advisors Preferred LLC Purchases New Stake in Ternium S.A. $TX

Advisors Preferred LLC acquired a new position in shares of Ternium S.A. (NYSE:TX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,789 shares of the basic materials company’s stock, valued at approximately $1,159,000.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 303 shares during the period. JPMorgan Chase & Co. raised its position in Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 736 shares in the last quarter. Blue Trust Inc. raised its position in Ternium by 17.5% during the third quarter. Blue Trust Inc. now owns 2,247 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 335 shares in the last quarter. State of Wyoming bought a new stake in Ternium during the second quarter worth $119,000. Finally, Rexford Capital Inc. acquired a new stake in shares of Ternium in the 2nd quarter valued at $121,000. 11.98% of the stock is owned by institutional investors.

Ternium Price Performance

Ternium stock opened at $43.56 on Friday. The stock has a 50-day moving average price of $41.34 and a two-hundred day moving average price of $37.33. Ternium S.A. has a 12 month low of $24.00 and a 12 month high of $45.57. The company has a market capitalization of $8.73 billion, a PE ratio of 20.16 and a beta of 1.34. The company has a current ratio of 2.49, a quick ratio of 1.42 and a debt-to-equity ratio of 0.12.

Ternium (NYSE:TX) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.15). The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.81 billion. Ternium had a net margin of 2.72% and a return on equity of 3.06%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.42) EPS. Analysts expect that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, May 14th will be given a $0.90 dividend. This represents a yield of 413.0%. The ex-dividend date is Thursday, May 14th. Ternium’s dividend payout ratio is 83.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen cut Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. UBS Group raised their price objective on Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. Wells Fargo & Company lowered their target price on Ternium from $34.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday. Zacks Research cut shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ternium has a consensus rating of “Hold” and a consensus price target of $35.94.

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.