Lazard Asset Management LLC Boosts Stock Holdings in Ternium S.A. $TX

Lazard Asset Management LLC grew its position in Ternium S.A. (NYSE:TX) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,358,772 shares of the basic materials company’s stock after acquiring an additional 237,741 shares during the quarter. Lazard Asset Management LLC’s holdings in Ternium were worth $161,298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Ternium during the second quarter worth approximately $214,000. Donald Smith & CO. Inc. grew its holdings in shares of Ternium by 10.1% during the second quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock worth $102,713,000 after buying an additional 312,595 shares in the last quarter. Oaktree Fund Advisors LLC raised its position in shares of Ternium by 3.4% in the second quarter. Oaktree Fund Advisors LLC now owns 51,529 shares of the basic materials company’s stock valued at $1,551,000 after buying an additional 1,700 shares during the last quarter. Oaktree Capital Management LP lifted its stake in shares of Ternium by 13.2% in the second quarter. Oaktree Capital Management LP now owns 919,709 shares of the basic materials company’s stock worth $27,683,000 after buying an additional 107,100 shares in the last quarter. Finally, Amundi lifted its stake in shares of Ternium by 3.9% in the second quarter. Amundi now owns 509,268 shares of the basic materials company’s stock worth $16,312,000 after buying an additional 19,192 shares in the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.

Ternium Trading Down 0.8%

TX opened at $38.19 on Friday. The stock has a market capitalization of $7.66 billion, a PE ratio of 12.86 and a beta of 1.36. Ternium S.A. has a one year low of $24.00 and a one year high of $39.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.46. The business’s 50 day moving average price is $36.46 and its 200 day moving average price is $33.51.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.68). Ternium had a return on equity of 1.89% and a net margin of 3.72%.The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the business earned $0.16 EPS. Ternium’s revenue was down 11.7% compared to the same quarter last year. As a group, equities research analysts expect that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $0.90 dividend. This represents a yield of 503.0%. The ex-dividend date was Monday, November 10th. Ternium’s payout ratio is 60.61%.

Analysts Set New Price Targets

Several analysts recently issued reports on TX shares. JPMorgan Chase & Co. upped their price objective on shares of Ternium from $39.00 to $40.50 and gave the company an “overweight” rating in a research note on Friday, October 17th. Wall Street Zen cut Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Hsbc Global Res upgraded Ternium to a “strong-buy” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Ternium in a research note on Wednesday, October 8th. Finally, Zacks Research raised Ternium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.69.

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.