Blue Trust Inc. Reduces Holdings in Ternium S.A. (NYSE:TX)

Blue Trust Inc. lowered its holdings in shares of Ternium S.A. (NYSE:TX) by 56.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,984 shares of the basic materials company’s stock after selling 2,551 shares during the period. Blue Trust Inc.’s holdings in Ternium were worth $58,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Ternium in the 4th quarter worth about $88,000. Quantbot Technologies LP bought a new stake in Ternium during the 3rd quarter valued at approximately $242,000. Verition Fund Management LLC bought a new position in shares of Ternium during the third quarter worth $244,000. Dynamic Technology Lab Private Ltd increased its stake in Ternium by 155.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,714 shares of the basic materials company’s stock worth $728,000 after acquiring an additional 11,983 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Ternium during the third quarter valued at $1,353,000. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Up 1.1 %

Shares of Ternium stock opened at $29.71 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The firm’s 50 day simple moving average is $29.46 and its two-hundred day simple moving average is $32.56. Ternium S.A. has a 12-month low of $28.00 and a 12-month high of $44.44. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of -106.11, a PEG ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Analysts predict that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be given a dividend of $1.80 per share. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 10.3%. Ternium’s dividend payout ratio (DPR) is -642.83%.

Analyst Ratings Changes

TX has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.