Raymond James Financial Services Advisors Inc. Buys Shares of 5,707 Ternium S.A. (NYSE:TX)

Raymond James Financial Services Advisors Inc. purchased a new position in shares of Ternium S.A. (NYSE:TX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,707 shares of the basic materials company’s stock, valued at approximately $242,000.

Other hedge funds have also recently modified their holdings of the company. Donoghue Forlines LLC raised its position in Ternium by 7.7% during the 3rd quarter. Donoghue Forlines LLC now owns 11,597 shares of the basic materials company’s stock worth $463,000 after buying an additional 832 shares during the last quarter. Dfpg Investments LLC lifted its position in Ternium by 10.2% in the fourth quarter. Dfpg Investments LLC now owns 9,537 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 880 shares during the period. Advisors Asset Management Inc. boosted its holdings in Ternium by 4.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,570 shares of the basic materials company’s stock valued at $1,020,000 after purchasing an additional 1,186 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Ternium by 2.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,574 shares of the basic materials company’s stock worth $3,095,000 after purchasing an additional 1,654 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Ternium by 21.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,317 shares of the basic materials company’s stock worth $372,000 after purchasing an additional 1,670 shares during the period. 11.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TheStreet raised Ternium from a “c+” rating to a “b-” rating in a report on Friday, January 12th. The Goldman Sachs Group upped their price target on shares of Ternium from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ternium from $48.00 to $51.50 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $50.83.

Ternium Stock Performance

Shares of TX stock opened at $42.60 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.86 and a current ratio of 3.17. The stock has a market cap of $8.54 billion, a PE ratio of 12.38 and a beta of 1.69. Ternium S.A. has a 1 year low of $35.22 and a 1 year high of $45.58. The stock has a fifty day moving average price of $40.84 and a 200 day moving average price of $39.70.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.79. Ternium had a net margin of 3.84% and a return on equity of 10.84%. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the business posted $0.20 earnings per share. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. Sell-side analysts forecast that Ternium S.A. will post 6.14 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. Shareholders of record on Friday, May 3rd will be issued a dividend of $2.20 per share. This represents a yield of 6.9%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Ternium’s previous Semi-Annual dividend of $1.10. Ternium’s dividend payout ratio is 63.95%.

Ternium Company Profile

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.