Oaktree Capital Management LP Boosts Stock Position in Ternium S.A. $TX

Oaktree Capital Management LP increased its position in Ternium S.A. (NYSE:TX) by 13.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 919,709 shares of the basic materials company’s stock after acquiring an additional 107,100 shares during the quarter. Oaktree Capital Management LP owned about 0.46% of Ternium worth $27,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TX. Brooklyn Investment Group boosted its position in shares of Ternium by 201,700.0% in the first quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 2,017 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Ternium by 1,361.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock valued at $211,000 after buying an additional 6,519 shares in the last quarter. Arrow Investment Advisors LLC bought a new position in Ternium in the 2nd quarter worth $221,000. Aberdeen Group plc bought a new position in Ternium in the 2nd quarter worth $258,000. Finally, Cetera Investment Advisers increased its stake in Ternium by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock worth $301,000 after buying an additional 890 shares in the last quarter. Institutional investors own 11.98% of the company’s stock.

Ternium Stock Performance

NYSE:TX opened at $38.62 on Friday. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 13.00 and a beta of 1.36. Ternium S.A. has a 1 year low of $24.00 and a 1 year high of $38.81. The stock’s 50 day simple moving average is $36.13 and its two-hundred day simple moving average is $33.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 1.42.

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

Ternium Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TX shares. Hsbc Global Res upgraded Ternium to a “strong-buy” rating in a research report on Friday, October 17th. Scotiabank decreased their target price on Ternium from $41.00 to $40.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. upped their price target on Ternium from $39.00 to $40.50 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Wall Street Zen lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ternium in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.69.

Ternium Company 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.