141,403 Shares in Ternium S.A. (NYSE:TX) Purchased by PointState Capital LP

PointState Capital LP purchased a new stake in shares of Ternium S.A. (NYSE:TX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 141,403 shares of the basic materials company’s stock, valued at approximately $4,112,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its holdings in Ternium by 70.8% in the fourth quarter. Millennium Management LLC now owns 18,947 shares of the basic materials company’s stock worth $551,000 after purchasing an additional 7,853 shares in the last quarter. Cornerstone Select Advisors LLC bought a new position in shares of Ternium in the 4th quarter worth about $215,000. Bank of America Corp DE lifted its position in Ternium by 4.4% during the 4th quarter. Bank of America Corp DE now owns 80,912 shares of the basic materials company’s stock valued at $2,353,000 after acquiring an additional 3,398 shares during the period. Bearing Point Capital LLC bought a new stake in Ternium during the fourth quarter worth about $459,000. Finally, Aquatic Capital Management LLC increased its stake in shares of Ternium by 28.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group initiated coverage on Ternium in a research note on Wednesday, March 12th. They issued a “neutral” rating and a $32.00 price target on the stock. The Goldman Sachs Group cut their target price on 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 reaffirmed an “underperform” rating and issued a $25.00 price target on shares of Ternium in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Ternium Stock Down 1.5%

TX opened at $28.29 on Thursday. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of -101.03, a price-to-earnings-growth ratio of 0.38 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. The firm’s fifty day moving average is $29.40 and its 200 day moving average is $30.44. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $43.93.

Ternium (NYSE:TX) last released its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.22. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $4 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. On average, 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 disclosed a semi-annual dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, May 9th were given a dividend of $1.80 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 10.3%. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. Ternium’s dividend payout ratio (DPR) is -202.25%.

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.