LPL Financial LLC Sells 36,069 Shares of Ternium S.A. (NYSE:TX)

LPL Financial LLC decreased its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 52.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,185 shares of the basic materials company's stock after selling 36,069 shares during the period. LPL Financial LLC's holdings in Ternium were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ternium during the 4th quarter valued at approximately $54,000. R Squared Ltd acquired a new position in shares of Ternium in the fourth quarter worth approximately $88,000. SBI Securities Co. Ltd. bought a new stake in Ternium in the fourth quarter valued at approximately $104,000. Atria Wealth Solutions Inc. acquired a new stake in Ternium during the 4th quarter valued at approximately $204,000. Finally, Principal Financial Group Inc. increased its position in Ternium by 11.6% during the 4th quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company's stock valued at $2,650,000 after purchasing an additional 9,459 shares during the period. 11.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group began coverage on shares of Ternium in a research report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price target on the stock. Bank of America restated an "underperform" rating and set a $25.00 target price on shares of Ternium in a research report on Monday, April 7th. Finally, The Goldman Sachs Group lowered their target price on 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 given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.00.

Ternium Trading Up 0.7 %

NYSE:TX opened at $27.38 on Monday. Ternium S.A. has a 12 month low of $24.00 and a 12 month high of $44.25. 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 firm's 50 day moving average is $29.74 and its 200 day moving average is $31.22. The stock has a market capitalization of $5.49 billion, a PE ratio of -97.79, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. Sell-side analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

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

Ternium 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.

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