Ternium S.A. $TX Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP cut its stake in Ternium S.A. (NYSE:TX) by 21.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,602 shares of the basic materials company’s stock after selling 37,434 shares during the quarter. Ternium comprises approximately 1.4% of Oldfield Partners LLP’s investment portfolio, making the stock its 11th biggest position. Oldfield Partners LLP owned about 0.07% of Ternium worth $4,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of Ternium by 201,700.0% in the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock valued at $63,000 after buying an additional 2,017 shares during the period. Hantz Financial Services Inc. grew its position in Ternium by 1,361.0% in the second quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 6,519 shares during the period. Arrow Investment Advisors LLC acquired a new stake in Ternium during the second quarter worth $221,000. Aberdeen Group plc acquired a new stake in shares of Ternium during the 2nd quarter worth about $258,000. Finally, Cetera Investment Advisers raised its holdings in Ternium by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock valued at $301,000 after buying an additional 890 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Ternium Trading Up 1.7%

NYSE TX opened at $36.25 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $38.15. The stock has a market capitalization of $7.27 billion, a PE ratio of 12.21 and a beta of 1.55. The firm has a 50 day moving average of $35.34 and a two-hundred day moving average of $32.09.

Ternium (NYSE:TX) last released its quarterly earnings data 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). The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Ternium had a return on equity of 1.88% and a net margin of 3.72%.Ternium’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. As a group, research analysts expect that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 10th will be given a dividend of $0.90 per share. This represents a dividend yield of 519.0%. The ex-dividend date of this dividend is Monday, November 10th. Ternium’s dividend payout ratio is currently 60.61%.

Analyst Ratings Changes

Several equities analysts have recently commented on TX shares. Morgan Stanley lowered shares of Ternium from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective on the stock. in a report on Monday, July 21st. Hsbc Global Res raised Ternium to a “strong-buy” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. increased their price target on shares of Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Wells Fargo & Company raised shares of Ternium to a “strong sell” rating in a research note on Thursday, August 14th. Finally, Zacks Research lowered shares of Ternium from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.69.

Ternium Profile

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.