Cape Ann Asset Management Ltd Sells 105,536 Shares of Ternium S.A. (NYSE:TX)

Cape Ann Asset Management Ltd decreased its position in shares of Ternium S.A. (NYSE:TX) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 758,149 shares of the basic materials company’s stock after selling 105,536 shares during the period. Ternium comprises 13.9% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 3rd biggest position. Cape Ann Asset Management Ltd’s holdings in Ternium were worth $22,047,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TX. SBI Securities Co. Ltd. purchased a new stake in Ternium during the 4th quarter worth about $104,000. Atria Wealth Solutions Inc. purchased a new stake in Ternium during the 4th quarter worth about $204,000. Principal Financial Group Inc. increased its holdings in Ternium by 11.6% during the 4th quarter. Principal Financial Group Inc. now owns 91,138 shares of the basic materials company’s stock worth $2,650,000 after purchasing an additional 9,459 shares during the period. Van ECK Associates Corp increased its holdings in Ternium by 6.7% during the 4th quarter. Van ECK Associates Corp now owns 114,599 shares of the basic materials company’s stock worth $3,333,000 after purchasing an additional 7,156 shares during the period. Finally, Ninety One UK Ltd increased its holdings in Ternium by 2.9% during the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock worth $70,313,000 after purchasing an additional 68,366 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TX. The Goldman Sachs Group cut their price target on Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com downgraded Ternium from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Ternium Trading Up 0.3 %

TX opened at $28.98 on Tuesday. Ternium S.A. has a one year low of $28.00 and a one year high of $44.44. The company has a market cap of $5.69 billion, a P/E ratio of -103.50, a PEG ratio of 0.38 and a beta of 1.76. 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 business’s 50-day simple moving average is $29.45 and its 200-day simple moving average is $32.37.

Ternium (NYSE:TX) last released its quarterly earnings data 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). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.18 billion. As a group, equities research analysts expect that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be paid a dividend of $1.80 per share. This represents a yield of 10.3%. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Ternium’s previous semi-annual dividend of $0.09. Ternium’s dividend payout ratio (DPR) 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.