Amundi Sells 9,208 Shares of Ternium S.A. (NYSE:TX)

Amundi decreased its holdings in Ternium S.A. (NYSE:TX - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 474,070 shares of the basic materials company's stock after selling 9,208 shares during the quarter. Amundi owned approximately 0.24% of Ternium worth $13,739,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Ternium by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company's stock worth $2,650,000 after acquiring an additional 9,459 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Ternium by 2.9% during the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock worth $70,313,000 after acquiring an additional 68,366 shares during the last quarter. State Street Corp raised its position in shares of Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company's stock worth $6,443,000 after acquiring an additional 141,134 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Ternium during the fourth quarter worth $204,000. Finally, Victory Capital Management Inc. raised its position in shares of Ternium by 2.8% during the third quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company's stock worth $25,373,000 after acquiring an additional 18,967 shares during the last quarter. Institutional investors own 11.98% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently commented on TX. UBS Group began coverage on Ternium in a research note on Wednesday. They set a "neutral" rating and a $32.00 price objective for the company. The Goldman Sachs Group decreased their price objective on Ternium from $45.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 6th.

Ternium Trading Up 2.1 %

NYSE:TX traded up $0.68 on Friday, reaching $32.95. The company's stock had a trading volume of 169,395 shares, compared to its average volume of 226,663. Ternium S.A. has a 1-year low of $28.00 and a 1-year high of $44.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88. The firm has a market cap of $6.47 billion, a PE ratio of -117.67, a PEG ratio of 0.38 and a beta of 1.76. The business's 50-day moving average price is $29.86 and its two-hundred day moving average price is $32.20.

Ternium (NYSE:TX - Get Free Report) last posted its earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($1.39). The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. Equities research analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be issued a $1.80 dividend. This represents a dividend yield of 10.3%. This is a positive change from Ternium's previous semi-annual dividend of $0.09. The ex-dividend date is Friday, May 9th. Ternium's payout ratio is -1,285.71%.

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.