Commonwealth Equity Services LLC Sells 434 Shares of Ternium S.A. (NYSE:TX)

Commonwealth Equity Services LLC cut its stake in Ternium S.A. (NYSE:TX) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,574 shares of the basic materials company’s stock after selling 434 shares during the period. Commonwealth Equity Services LLC’s holdings in Ternium were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Ternium by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock valued at $2,650,000 after acquiring an additional 9,459 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Ternium by 2.9% during the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock valued at $70,313,000 after acquiring an additional 68,366 shares during the period. State Street Corp raised its holdings in Ternium by 422.1% in the 3rd quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock worth $6,443,000 after purchasing an additional 141,134 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Ternium during the fourth quarter valued at about $204,000. Finally, Verition Fund Management LLC purchased a new stake in Ternium in the third quarter worth about $244,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TX has been the subject of a number of recent research reports. UBS Group assumed coverage on Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Bank of America reiterated an “underperform” rating and issued a $25.00 price target on shares of Ternium in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Ternium has a consensus rating of “Hold” and a consensus target price of $37.00.

Ternium Stock Performance

TX opened at $26.31 on Thursday. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of -93.96, a PEG ratio of 0.38 and a beta of 1.56. The company has a fifty day moving average of $30.20 and a 200 day moving average of $31.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $44.32.

Ternium (NYSE:TX) last announced its earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($1.39). The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. As a group, sell-side analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current fiscal 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 paid a dividend of $1.80 per share. This is a boost 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 is currently -1,285.71%.

Ternium 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.