Oaktree Capital Management LP Sells 22,200 Shares of Ternium S.A. $TX

Oaktree Capital Management LP lowered its position in Ternium S.A. (NYSE:TX) by 2.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 897,509 shares of the basic materials company’s stock after selling 22,200 shares during the period. Oaktree Capital Management LP owned 0.45% of Ternium worth $31,170,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH grew its holdings in Ternium by 64.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 58,115 shares of the basic materials company’s stock worth $2,018,000 after acquiring an additional 22,823 shares during the period. Lazard Asset Management LLC grew its stake in Ternium by 4.6% during the second quarter. Lazard Asset Management LLC now owns 5,358,772 shares of the basic materials company’s stock worth $161,298,000 after purchasing an additional 237,741 shares during the period. Donald Smith & CO. Inc. increased its holdings in Ternium by 10.1% in the second quarter. Donald Smith & CO. Inc. now owns 3,412,385 shares of the basic materials company’s stock worth $102,713,000 after purchasing an additional 312,595 shares in the last quarter. Schroder Investment Management Group lifted its stake in Ternium by 11.0% in the second quarter. Schroder Investment Management Group now owns 2,177,525 shares of the basic materials company’s stock valued at $65,544,000 after buying an additional 216,301 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in shares of Ternium during the 3rd quarter worth approximately $1,159,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TX shares. Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings upgraded shares of Ternium from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th. UBS Group lifted their price target on shares of Ternium from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Ternium from $34.00 to $33.00 and set an “underweight” rating on the stock in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Ternium has a consensus rating of “Hold” and an average price target of $35.94.

Ternium Stock Down 0.9%

NYSE TX traded down $0.35 during mid-day trading on Friday, hitting $38.02. The company’s stock had a trading volume of 8,769 shares, compared to its average volume of 231,244. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 17.51 and a beta of 1.32. The company’s 50 day simple moving average is $42.24 and its 200 day simple moving average is $38.19. The company has a current ratio of 2.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $45.57.

Ternium (NYSE:TX) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.15). The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.81 billion. Ternium had a return on equity of 3.06% and a net margin of 2.72%.The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.42) EPS. Analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, May 14th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a yield of 413.0%. Ternium’s dividend payout ratio (DPR) is presently 83.33%.

Ternium Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.