Renaissance Technologies LLC Grows Stock Position in Ternium S.A. (NYSE:TX)

Renaissance Technologies LLC boosted its stake in shares of Ternium S.A. (NYSE:TX) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,400 shares of the basic materials company’s stock after purchasing an additional 28,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.16% of Ternium worth $8,852,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Donald Smith & CO. Inc. raised its holdings in Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company’s stock valued at $87,903,000 after acquiring an additional 483,052 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of Ternium by 2.9% in 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 purchasing an additional 68,366 shares in the last quarter. Ninety One North America Inc. lifted its position in shares of Ternium by 0.7% during the 4th quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company’s stock worth $25,104,000 after purchasing an additional 6,342 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Ternium by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock worth $11,437,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Ternium by 15.5% in the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company’s stock valued at $6,073,000 after buying an additional 28,054 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Trading Up 0.7 %

NYSE:TX opened at $27.38 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. Ternium S.A. has a 52-week low of $24.00 and a 52-week high of $44.25. The stock’s 50 day moving average price is $29.79 and its 200 day moving average price is $31.36. The company has a market capitalization of $5.49 billion, a PE ratio of -97.79, a P/E/G ratio of 0.38 and a beta of 1.56.

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 analysts’ consensus estimates 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 business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.18 billion. On average, research analysts anticipate that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TX. UBS Group initiated coverage on Ternium in a research report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price objective for the company. Bank of America reaffirmed an “underperform” rating and issued a $25.00 price target on shares of Ternium in a report on Monday, April 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Ternium from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.00.

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.