Ternium S.A. (NYSE:TX) Shares Sold by Contrarian Capital Management L.L.C.

Contrarian Capital Management L.L.C. trimmed its holdings in shares of Ternium S.A. (NYSE:TX - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 992,413 shares of the basic materials company's stock after selling 20,954 shares during the period. Ternium comprises approximately 9.8% of Contrarian Capital Management L.L.C.'s investment portfolio, making the stock its 5th biggest position. Contrarian Capital Management L.L.C. owned approximately 0.51% of Ternium worth $28,859,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Ternium by 422.1% in the third quarter. State Street Corp now owns 174,572 shares of the basic materials company's stock worth $6,443,000 after buying an additional 141,134 shares during the period. Principal Financial Group Inc. raised its stake in Ternium by 37.9% during the 3rd quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company's stock valued at $3,015,000 after purchasing an additional 22,450 shares during the period. R Squared Ltd purchased a new stake in shares of Ternium in the fourth quarter valued at $88,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Ternium by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock worth $11,437,000 after buying an additional 5,000 shares during the period. Finally, Ninety One North America Inc. raised its position in Ternium by 0.7% during the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock valued at $25,104,000 after buying an additional 6,342 shares during the period. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Stock Up 3.2 %

NYSE TX traded up $0.89 during trading on Wednesday, reaching $28.59. The company's stock had a trading volume of 38,342 shares, compared to its average volume of 229,314. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.73 billion, a PE ratio of -102.10, a PEG ratio of 0.38 and a beta of 1.56. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $44.25. The business has a 50-day moving average price of $29.65 and a 200-day moving average price of $31.12.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Bank of America reiterated an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research report on Monday, April 7th. Finally, UBS Group began coverage on shares of Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price target on the stock. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.