Ternium S.A. (NYSE:TX) Shares Sold by Amundi

Amundi lessened its stake in Ternium S.A. (NYSE:TX) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 474,070 shares of the basic materials company’s stock after selling 9,208 shares during the period. Amundi’s holdings in Ternium were worth $13,739,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ternium during the fourth quarter worth about $54,000. SBI Securities Co. Ltd. acquired a new stake in Ternium during the fourth quarter worth about $104,000. Atria Wealth Solutions Inc. acquired a new stake in Ternium during the fourth quarter worth about $204,000. Principal Financial Group Inc. raised its stake in Ternium by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock worth $2,650,000 after acquiring an additional 9,459 shares during the period. Finally, Van ECK Associates Corp raised its stake in Ternium by 6.7% during the fourth quarter. Van ECK Associates Corp now owns 114,599 shares of the basic materials company’s stock worth $3,333,000 after acquiring an additional 7,156 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Price Performance

Shares of NYSE:TX opened at $32.95 on Friday. The firm’s 50 day moving average is $29.86 and its two-hundred day moving average is $32.20. Ternium S.A. has a 52 week low of $28.00 and a 52 week high of $44.44. The firm has a market capitalization of $6.47 billion, a P/E ratio of -117.67, a PEG ratio of 0.38 and a beta of 1.76. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11.

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 the consensus estimate of $0.97 by ($1.39). The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. Analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be issued a $1.80 dividend. The ex-dividend date is Friday, May 9th. This is a boost from Ternium’s previous semi-annual dividend of $0.09. This represents a dividend yield of 10.3%. Ternium’s dividend payout ratio (DPR) is -1,285.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TX shares. UBS Group started coverage on shares of Ternium in a research note on Wednesday. They issued a “neutral” rating and a $32.00 price target on the stock. The Goldman Sachs Group dropped their price target on shares of Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th.

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.