Schroder Investment Management Group Lowers Stock Position in Ternium S.A. (NYSE:TX)

Schroder Investment Management Group trimmed its position in Ternium S.A. (NYSE:TX) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 628,753 shares of the basic materials company’s stock after selling 134,099 shares during the quarter. Schroder Investment Management Group’s holdings in Ternium were worth $18,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TX. Quantbot Technologies LP bought a new position in shares of Ternium during the third quarter worth $242,000. Verition Fund Management LLC purchased a new stake in shares of Ternium in the third quarter worth about $244,000. State Street Corp boosted its stake in Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after buying an additional 141,134 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Ternium during the 3rd quarter valued at approximately $6,743,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Ternium by 37.9% during the 3rd quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock worth $3,015,000 after acquiring an additional 22,450 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Stock Up 1.1 %

Shares of TX opened at $31.24 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $30.61 and a 200 day moving average of $32.12. The company has a market cap of $6.13 billion, a PE ratio of -111.57, a P/E/G ratio of 0.38 and a beta of 1.76. Ternium S.A. has a 52-week low of $28.00 and a 52-week high of $44.44.

Ternium (NYSE:TX) last released 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). Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. On average, sell-side analysts expect that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be issued a $1.80 dividend. This represents a dividend yield of 10.3%. This is an increase from Ternium’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. Ternium’s dividend payout ratio is presently -1,285.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TX. UBS Group assumed coverage on shares of Ternium in a research report on Wednesday, March 12th. They issued a “neutral” rating and a $32.00 price target on the stock. The Goldman Sachs Group reduced their target price on shares of Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

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.