Envestnet Asset Management Inc. boosted its holdings in Ternium (NYSE:TX) by 47.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,590 shares of the basic materials company’s stock after purchasing an additional 1,810 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ternium were worth $177,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in TX. Diversified Trust Co acquired a new position in Ternium in the fourth quarter valued at approximately $200,000. Investors Research Corp acquired a new position in Ternium in the fourth quarter valued at approximately $205,000. Kovack Advisors Inc. acquired a new position in Ternium in the fourth quarter valued at approximately $221,000. Advisor Group Inc. boosted its holdings in Ternium by 35.2% in the fourth quarter. Advisor Group Inc. now owns 7,383 shares of the basic materials company’s stock valued at $233,000 after purchasing an additional 1,922 shares in the last quarter. Finally, ETRADE Capital Management LLC acquired a new position in Ternium in the fourth quarter valued at approximately $236,000. 17.83% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE TX opened at $38.21 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 0.65. Ternium has a twelve month low of $22.78 and a twelve month high of $39.48. The company has a market capitalization of $7,367.42, a price-to-earnings ratio of 8.47 and a beta of 1.15.
Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.03). Ternium had a net margin of 9.28% and a return on equity of 15.65%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. Ternium’s quarterly revenue was up 49.5% compared to the same quarter last year. sell-side analysts anticipate that Ternium will post 4.18 earnings per share for the current year.
The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a yield of 3.28%. This is a boost from Ternium’s previous annual dividend of $0.90. Ternium’s payout ratio is currently 22.17%.
TX has been the subject of a number of research analyst reports. Zacks Investment Research raised Ternium from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Saturday, January 6th. ValuEngine cut Ternium from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 17th. Finally, Scotiabank set a $43.00 price objective on Ternium and gave the company a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.25.
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Ternium Company Profile
Ternium SA manufactures and processes various steel products in Mexico, Argentina, Bolivia, Chile, Paraguay, Uruguay, Colombia, the United States, Central America, and internationally. The company operates in two segments, Steel and Mining. The Steel segment offers steel products, such as slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets, pre-painted sheets, steel pipes and tubular products, beams, roll formed products, and other products.
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