Ternium S.A. $TX Stake Raised by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its holdings in Ternium S.A. (NYSE:TX) by 1,361.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,998 shares of the basic materials company’s stock after acquiring an additional 6,519 shares during the period. Hantz Financial Services Inc.’s holdings in Ternium were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Aberdeen Group plc purchased a new stake in Ternium in the 2nd quarter worth about $258,000. Robeco Institutional Asset Management B.V. increased its position in Ternium by 5.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 403,293 shares of the basic materials company’s stock worth $12,139,000 after purchasing an additional 20,000 shares during the last quarter. Ninety One North America Inc. increased its position in Ternium by 23.4% in the 2nd quarter. Ninety One North America Inc. now owns 1,023,049 shares of the basic materials company’s stock worth $30,794,000 after purchasing an additional 194,174 shares during the last quarter. Ninety One UK Ltd increased its position in Ternium by 5.2% in the 2nd quarter. Ninety One UK Ltd now owns 2,407,110 shares of the basic materials company’s stock worth $72,454,000 after purchasing an additional 118,595 shares during the last quarter. Finally, Arrow Investment Advisors LLC acquired a new position in Ternium in the 2nd quarter worth about $221,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TX. Morgan Stanley lowered Ternium from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a research report on Monday, July 21st. Zacks Research lowered Ternium from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Wells Fargo & Company raised Ternium to a “strong sell” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their target price on Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Finally, Hsbc Global Res raised Ternium to a “strong-buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.69.

Ternium Stock Performance

Shares of NYSE TX opened at $36.05 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 2.68. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 12.14 and a beta of 1.52. The business’s 50-day simple moving average is $35.07 and its 200-day simple moving average is $31.86. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $38.15.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.02 billion. Ternium had a net margin of 3.72% and a return on equity of 1.88%. The business’s revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. As a group, equities research analysts expect that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 10th will be paid a dividend of $0.90 per share. The ex-dividend date is Monday, November 10th. This represents a yield of 519.0%. Ternium’s dividend payout ratio is presently 60.61%.

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.