AMP Capital Investors Ltd Raises Stake in Ternium SA (TX)

AMP Capital Investors Ltd grew its holdings in Ternium SA (NYSE:TX) by 16.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 387,026 shares of the basic materials company’s stock after purchasing an additional 53,330 shares during the period. AMP Capital Investors Ltd owned about 0.19% of Ternium worth $12,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co acquired a new position in shares of Ternium in the 4th quarter valued at about $200,000. Investors Research Corp acquired a new position in shares of Ternium in the 4th quarter valued at about $205,000. Kovack Advisors Inc. acquired a new position in shares of Ternium in the 4th quarter valued at about $221,000. ETRADE Capital Management LLC acquired a new position in shares of Ternium in the 4th quarter valued at about $236,000. Finally, Stevens Capital Management LP acquired a new position in shares of Ternium in the 3rd quarter valued at about $238,000. Institutional investors own 18.99% of the company’s stock.

A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Ternium from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Zacks Investment Research raised Ternium from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Saturday, January 6th. Scotiabank set a $43.00 price target on Ternium and gave the company a “buy” rating in a research note on Thursday, February 8th. Santander raised Ternium from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Finally, Morgan Stanley raised Ternium from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $34.25.

Shares of Ternium SA (NYSE TX) opened at $33.58 on Wednesday. The company has a market capitalization of $6,840.17, a P/E ratio of 7.45 and a beta of 1.10. Ternium SA has a 12 month low of $22.78 and a 12 month high of $39.48. The company has a quick ratio of 0.65, a current ratio of 1.55 and a debt-to-equity ratio of 0.31.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.03). The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.57 billion. Ternium had a net margin of 9.28% and a return on equity of 15.65%. The company’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. research analysts expect that Ternium SA will post 3.53 earnings per share for the current year.

The company also recently declared an annual dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, May 7th will be paid a $1.10 dividend. This is a boost from Ternium’s previous annual dividend of $0.90. The ex-dividend date is Friday, May 4th. This represents a dividend yield of 3.28%. Ternium’s payout ratio is presently 22.17%.

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Ternium Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

Institutional Ownership by Quarter for Ternium (NYSE:TX)

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