River & Mercantile Asset Management LLP trimmed its position in shares of Ternium SA (NYSE:TX) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the basic materials company’s stock after selling 27,000 shares during the period. River & Mercantile Asset Management LLP’s holdings in Ternium were worth $2,439,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new position in shares of Ternium in the fourth quarter worth about $2,403,000. GSA Capital Partners LLP bought a new position in shares of Ternium in the third quarter worth about $358,000. Quantamental Technologies LLC bought a new position in shares of Ternium in the fourth quarter worth about $57,000. Marshall Wace LLP bought a new position in shares of Ternium in the third quarter worth about $5,849,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Ternium in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 18.19% of the company’s stock.

TX has been the subject of a number of research reports. Santander cut shares of Ternium from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Banco Santander lowered shares of Ternium to a “hold” rating and set a $35.00 price objective for the company. in a report on Wednesday, December 12th. Goldman Sachs Group initiated coverage on shares of Ternium in a report on Thursday, December 13th. They issued a “buy” rating for the company. ValuEngine upgraded shares of Ternium from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Itau BBA Securities lowered shares of Ternium from an “outperform” rating to a “market perform” rating in a report on Monday, January 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.50.

NYSE TX traded up $0.18 during trading hours on Tuesday, reaching $27.51. The company’s stock had a trading volume of 9,043 shares, compared to its average volume of 266,422. The firm has a market cap of $5.41 billion, a PE ratio of 3.59, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. Ternium SA has a 52 week low of $25.52 and a 52 week high of $42.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.42 and a quick ratio of 0.95.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, February 19th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.17. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.73 billion. Ternium had a net margin of 13.17% and a return on equity of 23.04%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. As a group, research analysts anticipate that Ternium SA will post 4.78 earnings per share for the current fiscal year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, May 9th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, May 8th. This represents a yield of 4.39%. Ternium’s dividend payout ratio (DPR) is presently 14.34%.

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Ternium Company Profile

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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