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

Deprince Race & Zollo Inc. grew its holdings in shares of Ternium S.A. (NYSE:TX) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,482 shares of the basic materials company’s stock after purchasing an additional 17,461 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.06% of Ternium worth $4,525,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of Ternium during the 4th quarter valued at $736,000. GAMMA Investing LLC increased its position in shares of Ternium by 56.4% during the 4th quarter. GAMMA Investing LLC now owns 1,659 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 598 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ternium by 142.1% during the 3rd 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 during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Ternium during the 3rd quarter valued at $38,000. Finally, Morningstar Investment Management LLC purchased a new stake in shares of Ternium during the 3rd quarter valued at $754,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TX shares. Scotiabank reaffirmed a “sector perform” rating and set a $40.00 target price on shares of Ternium in a research report on Thursday, March 26th. UBS Group raised their target price on Ternium from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Zacks Research lowered Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Wells Fargo & Company decreased their price objective on Ternium from $34.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 19th. Finally, Bank of America raised Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.36.

Ternium Stock Up 2.9%

Shares of NYSE TX opened at $43.00 on Tuesday. Ternium S.A. has a 52 week low of $26.44 and a 52 week high of $45.57. The business has a 50-day simple moving average of $41.22 and a two-hundred day simple moving average of $39.07. The company has a quick ratio of 1.45, a current ratio of 2.49 and a debt-to-equity ratio of 0.12. The company has a market cap of $8.62 billion, a P/E ratio of 19.91 and a beta of 1.27.

Ternium (NYSE:TX) last issued its earnings results on Saturday, February 14th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.15). The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. Ternium had a return on equity of 3.06% and a net margin of 2.72%.The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.42) EPS. Research analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.90 per share. This represents a dividend yield of 413.0%. The ex-dividend date is Thursday, May 14th. Ternium’s dividend payout ratio (DPR) is 83.33%.

Ternium Company 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.