Ternium S.A. (NYSE:TX) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in Ternium S.A. (NYSE:TX - Free Report) by 24.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 98,092 shares of the basic materials company's stock after selling 32,270 shares during the period. Sei Investments Co.'s holdings in Ternium were worth $2,853,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TX. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Ternium during the 4th quarter valued at about $54,000. R Squared Ltd acquired a new stake in shares of Ternium during the fourth quarter worth about $88,000. SBI Securities Co. Ltd. purchased a new position in shares of Ternium in the fourth quarter valued at approximately $104,000. Atria Wealth Solutions Inc. acquired a new position in shares of Ternium in the fourth quarter valued at approximately $204,000. Finally, Verition Fund Management LLC purchased a new stake in Ternium during the 3rd quarter worth approximately $244,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Stock Up 6.8 %

Shares of TX stock traded up $1.68 on Wednesday, reaching $26.31. 394,101 shares of the stock were exchanged, compared to its average volume of 234,128. Ternium S.A. has a twelve month low of $24.04 and a twelve month high of $44.32. 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 company has a market capitalization of $5.16 billion, a price-to-earnings ratio of -93.96, a PEG ratio of 0.38 and a beta of 1.56. The business's 50 day moving average price is $30.20 and its 200 day moving average price is $31.73.

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Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. As a group, sell-side analysts expect that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Increases Dividend

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

Analyst Ratings Changes

Several brokerages have commented on TX. UBS Group began coverage on shares of Ternium in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price target for the company. Bank of America reissued an "underperform" rating and set a $25.00 target price on shares of Ternium in a research note on Monday. Finally, The Goldman Sachs Group cut their price target on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.