AMP Capital Investors Ltd boosted its stake in shares of Ternium SA (NYSE:TX) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 387,026 shares of the basic materials company’s stock after acquiring an additional 53,330 shares during the period. AMP Capital Investors Ltd’s holdings in Ternium were worth $12,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Diversified Trust Co bought a new stake in shares of Ternium in the fourth quarter valued at approximately $200,000. Investors Research Corp bought a new stake in shares of Ternium in the fourth quarter valued at approximately $205,000. Kovack Advisors Inc. bought a new stake in shares of Ternium in the fourth quarter valued at approximately $221,000. ETRADE Capital Management LLC bought a new stake in shares of Ternium in the fourth quarter valued at approximately $236,000. Finally, Stevens Capital Management LP bought a new stake in shares of Ternium in the third quarter valued at approximately $238,000. 18.99% of the stock is owned by hedge funds and other institutional investors.

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Ternium SA (NYSE TX) opened at $33.58 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 0.65. The company has a market capitalization of $6,840.17, a price-to-earnings ratio of 7.45 and a beta of 1.10. Ternium SA has a 12 month low of $22.78 and a 12 month high of $39.48.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, February 20th. The basic materials company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.03). The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.57 billion. Ternium had a net margin of 9.28% and a return on equity of 15.65%. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. research analysts predict that Ternium SA will post 3.53 EPS for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, May 7th will be paid a $1.10 dividend. This represents a dividend yield of 3.28%. This is a positive change from Ternium’s previous annual dividend of $0.90. The ex-dividend date of this dividend is Friday, May 4th. Ternium’s dividend payout ratio is presently 22.17%.

TX has been the subject of several research reports. Zacks Investment Research raised Ternium from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Saturday, January 6th. Santander raised Ternium from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Scotiabank set a $43.00 price objective on Ternium and gave the company a “buy” rating in a research report on Thursday, February 8th. Morgan Stanley raised Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th. Finally, ValuEngine raised Ternium from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.25.

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Ternium Company Profile

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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