Citigroup Inc. Has $241,000 Holdings in Ternium SA (NYSE:TX)

Citigroup Inc. raised its stake in Ternium SA (NYSE:TX) by 73,958.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,887 shares of the basic materials company’s stock after buying an additional 8,875 shares during the quarter. Citigroup Inc.’s holdings in Ternium were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TX. O Shaughnessy Asset Management LLC acquired a new position in Ternium in the 4th quarter worth about $26,000. Freestone Capital Holdings LLC raised its holdings in Ternium by 96.6% in the 4th quarter. Freestone Capital Holdings LLC now owns 265,104 shares of the basic materials company’s stock worth $7,184,000 after purchasing an additional 130,267 shares during the period. Raymond James & Associates raised its holdings in Ternium by 7.5% in the 4th quarter. Raymond James & Associates now owns 10,141 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 710 shares during the period. PNC Financial Services Group Inc. raised its holdings in Ternium by 83.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,468 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 1,578 shares during the period. Finally, Boston Partners raised its holdings in Ternium by 4.9% in the 4th quarter. Boston Partners now owns 1,386,505 shares of the basic materials company’s stock worth $37,574,000 after purchasing an additional 64,975 shares during the period.

A number of research firms recently weighed in on TX. Zacks Investment Research cut Ternium from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. ValuEngine upgraded Ternium from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Credit Suisse Group lowered Ternium from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 28th. Itau BBA Securities cut Ternium from an “outperform” rating to a “market perform” rating in a research note on Monday, January 14th. Finally, Scotiabank cut Ternium from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.50.

Shares of NYSE TX opened at $27.25 on Tuesday. Ternium SA has a 12-month low of $25.52 and a 12-month high of $42.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 2.42. The firm has a market capitalization of $5.48 billion, a PE ratio of 3.55, a P/E/G ratio of 0.80 and a beta of 0.86.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, February 19th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.17. Ternium had a return on equity of 23.04% and a net margin of 13.17%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company posted $0.92 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, analysts anticipate that Ternium SA will post 4.55 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, May 9th will be issued a $1.20 dividend. This represents a yield of 4.39%. The ex-dividend date is Wednesday, May 8th. Ternium’s dividend payout ratio is presently 14.34%.

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About Ternium

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron; and sells energy.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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