Ternium S.A. (NYSE:TX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in Ternium S.A. (NYSE:TX - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,687 shares of the basic materials company's stock after selling 11,901 shares during the period. Wells Fargo & Company MN's holdings in Ternium were worth $1,503,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Donald Smith & CO. Inc. increased its holdings in shares of Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock valued at $87,903,000 after purchasing an additional 483,052 shares during the period. Ninety One UK Ltd increased its holdings in shares of Ternium by 2.9% in the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock valued at $70,313,000 after purchasing an additional 68,366 shares during the period. Ninety One North America Inc. increased its holdings in shares of Ternium by 0.7% in the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock valued at $25,104,000 after purchasing an additional 6,342 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Ternium by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock worth $11,437,000 after acquiring an additional 5,000 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Ternium by 15.5% during the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock worth $6,073,000 after acquiring an additional 28,054 shares during the period. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Stock Down 2.2 %

TX opened at $28.51 on Monday. The business's fifty day moving average is $29.54 and its two-hundred day moving average is $30.93. 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 has a market cap of $5.72 billion, a price-to-earnings ratio of -101.82, a PEG ratio of 0.38 and a beta of 1.56. Ternium S.A. has a one year low of $24.00 and a one year high of $43.93.

Ternium (NYSE:TX - Get Free Report) last posted 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). The firm had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. Analysts anticipate that Ternium S.A. will post 4.37 EPS 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 $1.80 dividend. This is an increase from Ternium's previous semi-annual dividend of $0.09. This represents a dividend yield of 10.3%. The ex-dividend date is Friday, May 9th. Ternium's dividend payout ratio is currently -1,285.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TX. Bank of America reaffirmed an "underperform" rating and set a $25.00 price objective on shares of Ternium in a report on Monday, April 7th. The Goldman Sachs Group dropped their price objective on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group began coverage on Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average 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.

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