Ternium S.A. $TX Shares Sold by Ninety One UK Ltd

by · The Markets Daily

Ninety One UK Ltd cut its holdings in Ternium S.A. (NYSE:TX – Free Report) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,208,389 shares of the basic materials company’s stock after selling 198,721 shares during the quarter. Ninety One UK Ltd’s holdings in Ternium were worth $76,697,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TX. Lazard Asset Management LLC raised its holdings in shares of Ternium by 4.6% in the 2nd quarter. Lazard Asset Management LLC now owns 5,358,772 shares of the basic materials company’s stock worth $161,298,000 after purchasing an additional 237,741 shares in the last quarter. Amundi grew its position in Ternium by 3.4% in the first quarter. Amundi now owns 490,076 shares of the basic materials company’s stock worth $14,550,000 after buying an additional 16,006 shares during the last quarter. Aberdeen Group plc acquired a new position in Ternium in the second quarter worth approximately $258,000. Donald Smith & CO. Inc. lifted its position in shares of Ternium by 10.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock valued at $102,713,000 after acquiring an additional 312,595 shares during the last quarter. Finally, Oaktree Capital Management LP boosted its stake in shares of Ternium by 13.2% during the 2nd quarter. Oaktree Capital Management LP now owns 919,709 shares of the basic materials company’s stock worth $27,683,000 after acquiring an additional 107,100 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Trading Up 0.1%

Shares of NYSE:TX opened at $38.20 on Thursday. The firm has a fifty day moving average of $37.03 and a two-hundred day moving average of $34.41. The company has a quick ratio of 1.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. Ternium S.A. has a 12-month low of $24.00 and a 12-month high of $39.00. The firm has a market capitalization of $7.66 billion, a P/E ratio of 12.86 and a beta of 1.36.

Ternium (NYSE:TX – Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.68). The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Ternium had a return on equity of 1.89% and a net margin of 3.72%.Ternium’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, equities analysts expect that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $0.90 dividend. The ex-dividend date was Monday, November 10th. This represents a yield of 503.0%. Ternium’s dividend payout ratio is currently 60.61%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group boosted their price objective on Ternium from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. Scotiabank decreased their price objective on shares of Ternium from $41.00 to $40.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 3rd. Wall Street Zen downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Hsbc Global Res raised Ternium to a “strong-buy” rating in a research report on Friday, October 17th. Finally, HSBC set a $41.00 price objective on Ternium and gave the stock a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Ternium currently has a consensus rating of “Hold” and a consensus target price of $35.56.

View Our Latest Stock Report on TX

About Ternium

(Free Report)

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.

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