Ternium S.A. (NYSE:TX) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Ternium S.A. (NYSE:TX) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 304,400 shares of the basic materials company’s stock after acquiring an additional 28,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Ternium were worth $8,852,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC grew its stake in shares of Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 1,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Ternium by 14.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company’s stock worth $298,000 after acquiring an additional 1,289 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Ternium in the fourth quarter valued at $54,000. Envestnet Asset Management Inc. boosted its position in shares of Ternium by 8.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,080 shares of the basic materials company’s stock worth $933,000 after buying an additional 2,462 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Ternium in the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Performance

Ternium stock opened at $27.38 on Friday. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -97.79, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56. Ternium S.A. has a 12 month low of $24.00 and a 12 month high of $44.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. The stock’s 50-day moving average is $29.79 and its 200-day moving average is $31.36.

Ternium (NYSE:TX) last posted 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). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Equities analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be given a dividend of $1.80 per share. This represents a yield of 10.3%. This is a boost from Ternium’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. Ternium’s dividend payout ratio is -1,285.71%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TX. Bank of America reissued an “underperform” rating and set a $25.00 price objective on shares of Ternium in a research note on Monday, April 7th. UBS Group began coverage on shares of Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price objective for the company. Finally, The Goldman Sachs Group decreased their target price on shares of Ternium from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Ternium currently has an average rating of “Hold” and a consensus price target of $37.00.

Ternium Company Profile

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.