Deutsche Bank AG Sells 163,554 Shares of Ternium SA (TX)

Deutsche Bank AG reduced its stake in shares of Ternium SA (NYSE:TX) by 50.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 161,495 shares of the basic materials company’s stock after selling 163,554 shares during the period. Deutsche Bank AG’s holdings in Ternium were worth $5,101,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TX. Diversified Trust Co purchased a new position in shares of Ternium in the 4th quarter worth approximately $200,000. Investors Research Corp purchased a new position in shares of Ternium in the 4th quarter worth approximately $205,000. Kovack Advisors Inc. purchased a new position in shares of Ternium in the 4th quarter worth approximately $221,000. Advisor Group Inc. boosted its stake in shares of Ternium by 35.2% in the 4th quarter. Advisor Group Inc. now owns 7,383 shares of the basic materials company’s stock worth $233,000 after buying an additional 1,922 shares during the last quarter. Finally, ETRADE Capital Management LLC purchased a new position in shares of Ternium in the 4th quarter worth approximately $236,000. 18.99% of the stock is owned by hedge funds and other institutional investors.

Ternium stock opened at $35.99 on Friday. Ternium SA has a 12 month low of $22.78 and a 12 month high of $39.48. The company has a current ratio of 1.55, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $7,158.93, a P/E ratio of 7.98 and a beta of 1.15.



Ternium (NYSE:TX) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.03). Ternium had a net margin of 9.28% and a return on equity of 15.65%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Ternium’s revenue for the quarter was up 49.5% on a year-over-year basis. analysts predict that Ternium SA will post 4.18 earnings per share for the current year.

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, May 7th will be paid a $1.10 dividend. This is an increase from Ternium’s previous annual dividend of $0.90. The ex-dividend date of this dividend is Friday, May 4th. This represents a yield of 3.28%. Ternium’s dividend payout ratio is presently 22.17%.

A number of brokerages have recently weighed in on TX. Zacks Investment Research downgraded Ternium from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. ValuEngine upgraded Ternium from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Scotiabank set a $43.00 target price on Ternium and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Santander upgraded Ternium from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Ternium has an average rating of “Buy” and a consensus price target of $34.25.

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Ternium Profile

Ternium SA manufactures and processes various steel products in Mexico, Argentina, Bolivia, Chile, Paraguay, Uruguay, Colombia, the United States, Central America, and internationally. The company operates in two segments, Steel and Mining. The Steel segment offers steel products, such as slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets, pre-painted sheets, steel pipes and tubular products, beams, roll formed products, and other products.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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