Ternium S.A. (NYSE:TX) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its holdings in shares of Ternium S.A. (NYSE:TX - Free Report) by 30.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,054 shares of the basic materials company's stock after selling 94,985 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.11% of Ternium worth $6,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TX. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Ternium by 14.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company's stock valued at $298,000 after acquiring an additional 1,289 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Ternium in the 4th quarter valued at about $54,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ternium during the 4th quarter worth about $104,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Ternium during the fourth quarter worth about $204,000. Finally, Principal Financial Group Inc. grew its holdings 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 buying an additional 9,459 shares in the last quarter. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Trading Down 6.9 %

TX stock traded down $1.84 during midday trading on Tuesday, reaching $24.66. 517,271 shares of the company's stock traded hands, compared to its average volume of 234,120. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. Ternium S.A. has a fifty-two week low of $24.35 and a fifty-two week high of $44.44. The business has a 50-day moving average price of $30.35 and a two-hundred day moving average price of $31.84. The company has a market capitalization of $4.84 billion, a P/E ratio of -88.06, a PEG ratio of 0.38 and a beta of 1.56.

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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 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 for the quarter, compared to analyst estimates of $4.18 billion. Equities research analysts forecast that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 10.3%. This is a positive change from Ternium's previous semi-annual dividend of $0.09. Ternium's dividend payout ratio (DPR) is currently -1,285.71%.

Wall Street Analysts Forecast Growth

TX has been the topic of a number of analyst reports. 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. UBS Group assumed coverage on Ternium in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 target price for the company. Finally, Bank of America reissued an "underperform" rating and issued a $25.00 price target on shares of Ternium in a research note on Monday. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.