Donald Smith & CO. Inc. Grows Holdings in Ternium S.A. (NYSE:TX)

Donald Smith & CO. Inc. raised its stake in Ternium S.A. (NYSE:TX - Free Report) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,022,803 shares of the basic materials company's stock after purchasing an additional 483,052 shares during the quarter. Ternium accounts for 2.1% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 22nd biggest holding. Donald Smith & CO. Inc. owned about 1.54% of Ternium worth $87,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TX. Headlands Technologies LLC raised its holdings in Ternium by 249.5% during the fourth 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Ternium during the 4th quarter worth approximately $54,000. R Squared Ltd acquired a new stake in shares of Ternium in the 4th quarter valued at approximately $88,000. SBI Securities Co. Ltd. purchased a new stake in shares of Ternium in the fourth quarter valued at approximately $104,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Ternium during the fourth quarter worth $204,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group initiated coverage on Ternium in a report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 target price for the company. Bank of America reiterated an "underperform" rating and issued a $25.00 price objective on shares of Ternium in a research note on Monday. Finally, The Goldman Sachs Group dropped their target price on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $37.00.

Remove Ads

Ternium Price Performance

Shares of NYSE:TX traded down $1.17 during midday trading on Tuesday, hitting $25.33. 231,742 shares of the stock were exchanged, compared to its average volume of 263,545. The stock has a market cap of $4.97 billion, a P/E ratio of -90.45, a PEG ratio of 0.38 and a beta of 1.56. Ternium S.A. has a twelve month low of $25.26 and a twelve month high of $44.44. The company has a 50 day moving average price of $30.55 and a 200-day moving average price of $31.96. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly earnings results 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). 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. On average, research analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

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

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.