Wellington Management Group LLP Has $6.07 Million Stock Position in Ternium S.A. (NYSE:TX)

Wellington Management Group LLP raised its stake in Ternium S.A. (NYSE:TX - Free Report) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,827 shares of the basic materials company's stock after acquiring an additional 28,054 shares during the period. Wellington Management Group LLP owned about 0.11% of Ternium worth $6,073,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TX. Mitsubishi UFJ Trust & Banking Corp raised its stake 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Ternium in the 4th quarter valued at $54,000. SBI Securities Co. Ltd. acquired a new position in Ternium in the fourth quarter worth $104,000. Atria Wealth Solutions Inc. bought a new stake in shares of Ternium during the fourth quarter worth $204,000. Finally, Principal Financial Group Inc. increased its stake in shares of Ternium by 11.6% in the fourth quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company's stock valued at $2,650,000 after buying an additional 9,459 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TX has been the subject of a number of research analyst reports. Bank of America reaffirmed an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research note on Monday, April 7th. UBS Group started coverage on shares of Ternium in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.00.

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Ternium Stock Down 0.8 %

Shares of NYSE:TX traded down $0.21 during midday trading on Tuesday, reaching $26.88. 61,354 shares of the company were exchanged, compared to its average volume of 232,565. The firm has a market cap of $5.39 billion, a PE ratio of -96.00, a P/E/G ratio of 0.38 and a beta of 1.56. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $44.25. The stock has a fifty day simple moving average of $29.98 and a two-hundred day simple moving average of $31.49. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data 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 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 forecast that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

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

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.