Ternium S.A. (NYSE:TX) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Ternium S.A. (NYSE:TX) by 8.3% in the 4th quarter, HoldingsChannel reports. The firm owned 32,080 shares of the basic materials company’s stock after purchasing an additional 2,462 shares during the period. Envestnet Asset Management Inc.’s holdings in Ternium were worth $933,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TX. Headlands Technologies LLC grew its holdings in Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Ternium during the fourth quarter worth $54,000. R Squared Ltd purchased a new position in Ternium in the 4th quarter valued at about $88,000. SBI Securities Co. Ltd. acquired a new stake in Ternium during the 4th quarter valued at approximately $104,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Ternium in the fourth quarter valued at $204,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Stock Performance

Ternium stock opened at $29.25 on Friday. The company has a market cap of $5.86 billion, a P/E ratio of -104.46, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56. The firm’s 50 day simple moving average is $29.50 and its 200-day simple moving average is $30.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. 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 issued its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.22. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. As a group, equities research analysts predict that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be paid a $1.80 dividend. This represents a dividend yield of 10.3%. This is an increase from Ternium’s previous semi-annual dividend of $0.09. The ex-dividend date is Friday, May 9th. Ternium’s dividend payout ratio (DPR) is presently -202.25%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TX. UBS Group initiated coverage on Ternium in a research report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price target on the stock. Bank of America reissued an “underperform” rating and set a $25.00 price target on shares of Ternium in a report on Monday, April 7th. Finally, The Goldman Sachs Group lowered their price target on Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

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.