Bowen Hanes & Co. Inc. boosted its position in shares of Terra Nitrogen Company, L.P. (NYSE:TNH) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,100 shares of the basic materials company’s stock after buying an additional 100 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Terra Nitrogen Company, L.P. were worth $8,852,000 as of its most recent SEC filing.
Shares of Terra Nitrogen Company, L.P. (TNH) opened at 84.97 on Friday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 10.31 and a beta of 0.05. The stock’s 50 day moving average price is $86.11 and its 200-day moving average price is $93.10. Terra Nitrogen Company, L.P. has a 52 week low of $80.50 and a 52 week high of $122.00.
Terra Nitrogen Company, L.P. (NYSE:TNH) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $1.64 earnings per share for the quarter. The company had revenue of $96.10 million during the quarter. Terra Nitrogen Company, L.P. had a return on equity of 44.00% and a net margin of 38.78%.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Friday, August 11th. This is a boost from Terra Nitrogen Company, L.P.’s previous quarterly dividend of $0.97. This represents a $6.40 annualized dividend and a yield of 7.53%. Terra Nitrogen Company, L.P.’s dividend payout ratio is currently 59.97%.
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Separately, BidaskClub lowered Terra Nitrogen Company, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.
About Terra Nitrogen Company, L.P.
Terra Nitrogen Company, L.P. (TNCLP) is a limited partnership that produces nitrogen fertilizer products. The Company’s principal products are anhydrous ammonia (ammonia) and urea ammonium nitrate solutions (UAN), which it manufactures at its facility in Verdigris, Oklahoma. Its nitrogen products are used primarily by farmers.
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