Van ECK Associates Corp Buys 7,156 Shares of Ternium S.A. (NYSE:TX)

Van ECK Associates Corp raised its stake in Ternium S.A. (NYSE:TX) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 114,599 shares of the basic materials company’s stock after acquiring an additional 7,156 shares during the period. Van ECK Associates Corp’s holdings in Ternium were worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its position in shares of Ternium by 88.6% during the third quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock valued at $93,742,000 after purchasing an additional 1,193,110 shares during the period. Ninety One UK Ltd boosted its stake in Ternium by 2.9% in the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock valued at $70,313,000 after buying an additional 68,366 shares in the last quarter. Ninety One North America Inc. grew its position in 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 acquiring an additional 6,342 shares during the period. Victory Capital Management Inc. raised its stake in Ternium by 2.8% during the third quarter. Victory Capital Management Inc. now owns 687,432 shares of the basic materials company’s stock worth $25,373,000 after acquiring an additional 18,967 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of 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 valued at $11,437,000 after acquiring an additional 5,000 shares during the period. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Trading Down 4.1 %

Shares of TX opened at $30.10 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 75.25, a PEG ratio of 0.39 and a beta of 1.76. The stock has a fifty day moving average price of $29.53 and a two-hundred day moving average price of $32.64. Ternium S.A. has a 52-week low of $28.00 and a 52-week high of $44.44.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). Ternium had a net margin of 0.42% and a return on equity of 4.70%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. Analysts predict that Ternium S.A. will post 3.58 EPS for the current fiscal year.

Ternium Increases Dividend

The business also recently announced 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%. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Friday, May 9th. Ternium’s dividend payout ratio is presently 450.01%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TX shares. StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group dropped their price objective on shares of Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 6th.

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.