Principal Financial Group Inc. Has $2.65 Million Stake in Ternium S.A. (NYSE:TX)

Principal Financial Group Inc. lifted its position in shares of Ternium S.A. (NYSE:TX) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,138 shares of the basic materials company’s stock after acquiring an additional 9,459 shares during the quarter. Principal Financial Group Inc.’s holdings in Ternium were worth $2,650,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TX. R Squared Ltd bought a new position in Ternium during the 4th quarter worth $88,000. Quantbot Technologies LP bought a new position in Ternium during the 3rd quarter worth $242,000. Verition Fund Management LLC bought a new position in Ternium during the 3rd quarter worth $244,000. Dynamic Technology Lab Private Ltd raised its position in Ternium by 155.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,714 shares of the basic materials company’s stock worth $728,000 after purchasing an additional 11,983 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Ternium during the 3rd quarter worth $1,353,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Stock Performance

TX stock opened at $28.71 on Wednesday. The stock has a 50-day moving average price of $29.44 and a 200-day moving average price of $32.33. Ternium S.A. has a 1-year low of $28.00 and a 1-year high of $44.44. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.64 billion, a PE ratio of -102.51, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX) last posted 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). Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. As a group, equities research analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, May 9th will be paid a $1.80 dividend. 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. This represents a dividend yield of 10.3%. Ternium’s dividend payout ratio (DPR) is currently -1,285.71%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TX. StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lowered their price objective on Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research 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.