Allspring Global Investments Holdings LLC Reduces Stock Position in Ternium S.A. (NYSE:TX)

Allspring Global Investments Holdings LLC lessened its stake in shares of Ternium S.A. (NYSE:TX) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,995 shares of the basic materials company’s stock after selling 2,324 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of Ternium worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its stake in shares of Ternium by 88.6% in the 3rd 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 in the last quarter. Ninety One UK Ltd lifted its position 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 acquiring an additional 68,366 shares in the last quarter. Ninety One North America Inc. lifted its position in Ternium by 0.7% during the 4th quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company’s stock worth $25,104,000 after acquiring an additional 6,342 shares in the last quarter. Victory Capital Management Inc. lifted its position in Ternium by 2.8% during the 3rd 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 position in Ternium by 1.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock worth $11,437,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 11.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TX shares. The Goldman Sachs Group dropped their price objective 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 Down 4.1 %

Shares of TX stock 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. Ternium S.A. has a 1 year low of $28.00 and a 1 year high of $44.44. The stock has a fifty day moving average of $29.53 and a two-hundred day moving average of $32.64. The firm has a market capitalization of $5.91 billion, a PE ratio of 75.25, a price-to-earnings-growth ratio of 0.39 and a beta of 1.76.

Ternium (NYSE:TX) last announced 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). The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.18 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. As a group, research analysts expect that Ternium S.A. will post 3.58 EPS for the current 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. 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. This represents a dividend yield of 10.3%. Ternium’s payout ratio is 450.01%.

About Ternium

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.