Ternium S.A. (NYSE:TX) Stock Holdings Lifted by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in Ternium S.A. (NYSE:TX) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,005 shares of the basic materials company’s stock after buying an additional 7,680 shares during the period. Van ECK Associates Corp owned approximately 0.08% of Ternium worth $6,371,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Ternium by 48.7% during the 3rd quarter. Victory Capital Management Inc. now owns 966,286 shares of the basic materials company’s stock valued at $38,555,000 after purchasing an additional 316,432 shares during the period. CWA Asset Management Group LLC raised its stake in Ternium by 430.7% during the 3rd quarter. CWA Asset Management Group LLC now owns 195,610 shares of the basic materials company’s stock valued at $7,805,000 after purchasing an additional 158,751 shares during the period. PointState Capital LP acquired a new stake in Ternium during the 3rd quarter valued at $4,952,000. Canada Pension Plan Investment Board raised its stake in Ternium by 42.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 131,260 shares of the basic materials company’s stock valued at $5,237,000 after purchasing an additional 39,200 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Ternium during the 4th quarter valued at $1,328,000. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Down 0.5 %

Shares of NYSE TX opened at $40.29 on Friday. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 11.96 and a beta of 1.69. The business has a 50 day simple moving average of $41.42 and a 200 day simple moving average of $39.92. Ternium S.A. has a 52 week low of $35.22 and a 52 week high of $45.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.98 and a current ratio of 3.32.

Ternium (NYSE:TX) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.30 by $0.54. The business had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Ternium had a return on equity of 10.21% and a net margin of 3.53%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 EPS. On average, research analysts predict that Ternium S.A. will post 6.42 earnings per share for the current fiscal year.

Ternium Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be issued a $2.20 dividend. This is a positive change from Ternium’s previous Semi-Annual dividend of $1.10. This represents a yield of 6.9%. The ex-dividend date of this dividend is Thursday, May 2nd. Ternium’s payout ratio is 130.56%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TX. StockNews.com downgraded shares of Ternium from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 29th. TheStreet upgraded Ternium from a “c+” rating to a “b-” rating in a report on Friday, January 12th. The Goldman Sachs Group lifted their price objective on Ternium from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ternium has a consensus rating of “Buy” and a consensus target price of $50.83.

About Ternium

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.