Donald Smith & CO. Inc. Grows Stock Position in Ternium S.A. (NYSE:TX)

Donald Smith & CO. Inc. raised its holdings in shares of Ternium S.A. (NYSE:TX) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,022,803 shares of the basic materials company’s stock after purchasing an additional 483,052 shares during the period. Ternium accounts for approximately 2.1% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 22nd largest holding. Donald Smith & CO. Inc.’s holdings in Ternium were worth $87,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC lifted its position in shares of Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 1,200 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Ternium in the 4th quarter valued at about $54,000. R Squared Ltd purchased a new position in Ternium in the 4th quarter valued at about $88,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ternium during the 4th quarter worth about $104,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Ternium during the fourth quarter worth about $204,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TX. The Goldman Sachs Group decreased their target price on shares of Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. UBS Group started coverage on Ternium in a research note on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price target on the stock.

Ternium Trading Up 1.1 %

NYSE TX opened at $31.24 on Thursday. The company has a market cap of $6.13 billion, a P/E ratio of -111.57, a P/E/G ratio of 0.38 and a beta of 1.76. Ternium S.A. has a 12 month low of $28.00 and a 12 month high of $44.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. The company has a 50-day moving average of $30.61 and a 200-day moving average of $32.12.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.97 by ($1.39). The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. As a group, equities analysts predict 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. Investors of record on Friday, May 9th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 10.3%. This is a boost from Ternium’s previous semi-annual dividend of $0.09. Ternium’s dividend payout ratio (DPR) is presently -1,285.71%.

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.