Ternium S.A. $TX Shares Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its stake in shares of Ternium S.A. (NYSE:TX) by 10.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,412,385 shares of the basic materials company’s stock after purchasing an additional 312,595 shares during the period. Ternium makes up approximately 2.4% of Donald Smith & CO. Inc.’s holdings, making the stock its 18th biggest holding. Donald Smith & CO. Inc.’s holdings in Ternium were worth $102,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jump Financial LLC purchased a new stake in Ternium during the 1st quarter worth approximately $700,000. Aberdeen Group plc bought a new position in Ternium in the second quarter worth about $258,000. Amundi boosted its position in Ternium by 3.4% during the 1st quarter. Amundi now owns 490,076 shares of the basic materials company’s stock valued at $14,550,000 after purchasing an additional 16,006 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Ternium by 5.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 403,293 shares of the basic materials company’s stock valued at $12,139,000 after acquiring an additional 20,000 shares during the period. Finally, Arrow Investment Advisors LLC acquired a new position in Ternium during the 2nd quarter valued at about $221,000. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TX has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Zacks Research raised Ternium from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Scotiabank reduced their price target on shares of Ternium from $41.00 to $40.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 3rd. Wells Fargo & Company raised Ternium to a “strong sell” rating in a research note on Thursday, August 14th. Finally, HSBC set a $41.00 target price on Ternium and gave the company a “buy” rating in a research note on Friday, October 17th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ternium presently has an average rating of “Hold” and a consensus price target of $34.69.

Ternium Stock Down 0.5%

Shares of TX opened at $38.40 on Friday. The company has a 50-day moving average price of $36.21 and a two-hundred day moving average price of $33.20. The company has a quick ratio of 1.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 12.93 and a beta of 1.36. Ternium S.A. has a 12 month low of $24.00 and a 12 month high of $39.00.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share 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 the consensus estimate of $4.02 billion. Ternium had a return on equity of 1.89% and a net margin of 3.72%.Ternium’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. Equities analysts predict that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Announces Dividend

The business 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. This represents a yield of 503.0%. The ex-dividend date was Monday, November 10th. Ternium’s dividend payout ratio is currently 60.61%.

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.