Raymond James Financial Services Advisors Inc. Trims Position in Ternium S.A. (NYSE:TX)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Ternium S.A. (NYSE:TX - Get Rating) by 26.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,732 shares of the basic materials company's stock after selling 2,750 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Ternium were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Captrust Financial Advisors grew its position in shares of Ternium by 100.0% during the first quarter. Captrust Financial Advisors now owns 1,000 shares of the basic materials company's stock worth $46,000 after buying an additional 500 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Ternium in the third quarter valued at $35,000. Citigroup Inc. acquired a new stake in shares of Ternium during the first quarter valued at $85,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ternium during the third quarter valued at $57,000. Finally, Quantbot Technologies LP acquired a new stake in Ternium in the 3rd quarter worth about $90,000. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:TX opened at $41.26 on Wednesday. Ternium S.A. has a 12-month low of $26.01 and a 12-month high of $45.81. The firm has a market capitalization of $8.27 billion, a P/E ratio of 5.93 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.00 and a quick ratio of 2.55. The business has a 50 day simple moving average of $40.16 and a 200 day simple moving average of $37.67.

Ternium (NYSE:TX - Get Rating) last announced its earnings results on Tuesday, April 25th. The basic materials company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.93. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. Ternium had a return on equity of 9.84% and a net margin of 8.68%. The firm's revenue for the quarter was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.95 EPS. Equities research analysts predict that Ternium S.A. will post 6.87 EPS for the current year.

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, May 5th were paid a dividend of $1.80 per share. This represents a yield of 6.9%. The ex-dividend date of this dividend was Thursday, May 4th. Ternium's payout ratio is currently 51.72%.

A number of brokerages have weighed in on TX. Morgan Stanley upgraded Ternium from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $34.00 to $52.00 in a research note on Monday, March 6th. HSBC lifted their target price on Ternium from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, February 16th. StockNews.com lowered Ternium from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Finally, Itau BBA Securities lowered Ternium from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $40.00 to $49.00 in a research report on Thursday, March 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.43.

Ternium SA engages in the production of flat steel. It operates through the Steel and Mining segments. The Steel segment includes the sales of steel products. The Mining segment involves in the sales of mining products, mainly iron ore and pellets. The company was founded in September 1961 and is headquartered in Luxembourg.

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