Renaissance Technologies LLC Raises Stock Holdings in Ternium S.A. (NYSE:TX)

Renaissance Technologies LLC lifted its stake in Ternium S.A. (NYSE:TX - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 304,400 shares of the basic materials company's stock after purchasing an additional 28,700 shares during the quarter. Renaissance Technologies LLC owned about 0.16% of Ternium worth $8,852,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TX. Headlands Technologies LLC raised its position in shares of Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock valued at $49,000 after buying an additional 1,200 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Ternium in the 4th quarter valued at about $54,000. R Squared Ltd acquired a new stake in shares of Ternium during the fourth quarter valued at about $88,000. SBI Securities Co. Ltd. purchased a new position in shares of Ternium during the 4th quarter worth approximately $104,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Ternium in the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 11.98% of the company's stock.

Ternium Stock Up 3.8 %

Shares of TX traded up $1.04 during midday trading on Wednesday, hitting $28.74. The company had a trading volume of 18,007 shares, compared to its average volume of 257,638. Ternium S.A. has a 1 year low of $24.00 and a 1 year high of $44.25. The firm has a market capitalization of $5.76 billion, a P/E ratio of -102.64, a P/E/G ratio of 0.38 and a beta of 1.56. 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 company's 50-day simple moving average is $29.65 and its 200-day simple moving average is $31.12.

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

Ternium Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group assumed coverage on Ternium in a research note 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 report on Monday, April 7th. Finally, The Goldman Sachs Group cut their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $37.00.

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.