2 weeks Ago By Defense World Staff
Sei Investments Co. lessened its holdings in Ternium S.A.
( NYSE:TX – Free Report ) by 24.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,092 shares of the basic materials company’s stock after selling 32,270 shares during the period.
Sei Investments Co.’s holdings in Ternium were worth $2,853,000 as of its most recent SEC filing. Other institutional investors have also modified their holdings of the company.
Verition Fund Management LLC acquired a new position in Ternium in the third quarter valued at approximately $244,000. State Street Corp lifted its position in shares of Ternium by 422.1% during the 3rd quarter.
State Street Corp now owns 174,572 shares of the basic materials company’s stock worth $6,443,000 after buying an additional 141,134 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Ternium in the 3rd quarter valued at $6,743,000. Principal Financial Group Inc.
grew its position in shares of Ternium by 37.9% in the 3rd quarter. Principal Financial Group Inc.
now owns 81,679 shares of the basic materials company’s stock valued at $3,015,000 after buying an additional 22,450 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Ternium during the 4th quarter worth $88,000. Institutional investors and hedge funds own 11.
98% of the company’s stock. Analyst Ratings Changes Several equities research analysts have recently commented on TX shares. The Goldman Sachs Group cut their price target on Ternium from $39.
00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group initiated coverage on shares of Ternium in a research note on Wednesday, March 12th.
They issued a “neutral” rating and a $32.00 target price for the company. Ternium Price Performance TX opened at $28.
09 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.
88 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $30.
60 and its 200 day moving average price is $32.06. Ternium S.
A. has a fifty-two week low of $27.80 and a fifty-two week high of $44.
44. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -100.
30, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76.
Ternium ( NYSE:TX – Get Free Report ) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.
97 by ($1.39). The business had revenue of $3.
88 billion for the quarter, compared to the consensus estimate of $4.18 billion. Ternium had a negative net margin of 0.
31% and a positive return on equity of 1.82%. As a group, sell-side analysts expect that Ternium S.
A. will post 4.37 earnings per share 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 issued a dividend of $1.80 per share.
This represents a dividend yield of 10.3%. This is an increase 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 currently -1,285.
71%. Ternium Profile ( Free Report ) 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. Read More Five stocks we like better than Ternium How Investors Can Identify and Successfully Trade Gap-Down Stocks Archer Aviation’s Africa Deal Could Boost ACHR Stock Best ESG Stocks: 11 Best Stocks for ESG Investing Are Short Sellers Wrong About These 3 Semiconductor Stocks? Stock Market Sectors: What Are They and How Many Are There? Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Receive News & Ratings for Ternium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ternium and related companies with MarketBeat.com's FREE daily email newsletter .
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