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

Schroder Investment Management Group cut its stake in shares of Ternium S.A. (NYSE:TX) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 628,753 shares of the basic materials company’s stock after selling 134,099 shares during the quarter. Schroder Investment Management Group owned 0.32% of Ternium worth $18,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Ternium by 14.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company’s stock valued at $298,000 after buying an additional 1,289 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Ternium during the 4th quarter valued at $54,000. SBI Securities Co. Ltd. purchased a new position in Ternium during the 4th quarter valued at $104,000. Atria Wealth Solutions Inc. bought a new position in Ternium in the 4th quarter worth $204,000. Finally, Principal Financial Group Inc. lifted its position in shares of Ternium by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock worth $2,650,000 after purchasing an additional 9,459 shares during the period. 11.98% of the stock is currently owned by institutional investors.

Ternium Trading Up 1.1 %

Ternium stock opened at $31.24 on Thursday. Ternium S.A. has a one year low of $28.00 and a one year high of $44.44. The business’s fifty day moving average is $30.61 and its 200 day moving average is $32.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. The stock has a market capitalization of $6.13 billion, a PE ratio of -111.57, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. On average, sell-side analysts predict that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

The company 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 dividend of $1.80 per share. This represents a dividend yield of 10.3%. 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. Ternium’s dividend payout ratio is presently -1,285.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TX. The Goldman Sachs Group lowered their target price on Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. UBS Group began coverage on shares of Ternium in a report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 target price on the stock.

About Ternium

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.