Schroder Investment Management Group Sells 134,099 Shares of Ternium S.A. (NYSE:TX)

Schroder Investment Management Group lessened its stake in Ternium S.A. (NYSE:TX - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,753 shares of the basic materials company's stock after selling 134,099 shares during the quarter. Schroder Investment Management Group owned 0.32% of Ternium worth $18,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Ternium by 14.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company's stock worth $298,000 after purchasing an additional 1,289 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Ternium during the fourth quarter valued at $54,000. R Squared Ltd bought a new stake in Ternium in the 4th quarter worth about $88,000. SBI Securities Co. Ltd. purchased a new position in Ternium in the 4th quarter worth about $104,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Ternium by 1.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock valued at $11,437,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 11.98% of the company's stock.

Ternium Stock Performance

Ternium stock traded down $1.72 during trading on Monday, reaching $26.48. The company had a trading volume of 437,230 shares, compared to its average volume of 234,756. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of -94.57, a price-to-earnings-growth ratio of 0.38 and a beta of 1.56. 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 simple moving average is $30.55 and its 200 day simple moving average is $31.96. Ternium S.A. has a 52 week low of $25.93 and a 52 week high of $44.44.

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Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39). The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. Sell-side analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Increases Dividend

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

Analysts Set New Price Targets

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

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.