Oldfield Partners LLP Lowers Position in Ternium S.A. (NYSE:TX)

Oldfield Partners LLP cut its holdings in Ternium S.A. (NYSE:TX) by 14.2% during the 4th quarter, Holdings Channel reports. The fund owned 224,736 shares of the basic materials company’s stock after selling 37,100 shares during the period. Ternium comprises 1.9% of Oldfield Partners LLP’s portfolio, making the stock its 10th biggest holding. Oldfield Partners LLP’s holdings in Ternium were worth $6,535,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TX. GAMMA Investing LLC raised its position in Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. increased its stake in shares of Ternium by 216.9% in the third quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 3,104 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Ternium in the 3rd quarter valued at $1,353,000. Donald Smith & CO. Inc. increased its holdings in shares of Ternium by 88.6% in the 3rd quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock worth $93,742,000 after buying an additional 1,193,110 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Ternium by 37.9% in the 3rd quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock worth $3,015,000 after buying an additional 22,450 shares during the last quarter. 11.98% of the stock is currently owned by institutional investors.

Ternium Price Performance

Shares of TX opened at $29.04 on Wednesday. The company has a 50 day moving average price of $30.35 and a 200-day moving average price of $33.24. Ternium S.A. has a fifty-two week low of $28.37 and a fifty-two week high of $44.44. The stock has a market capitalization of $5.70 billion, a PE ratio of 72.58, a PEG ratio of 0.34 and a beta of 1.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the prior year, the company earned $1.38 EPS. The company’s revenue was down 13.6% compared to the same quarter last year. Equities analysts predict that Ternium S.A. will post 3.7 earnings per share for the current fiscal year.

Ternium Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a dividend yield of 8.5%. Ternium’s payout ratio is presently 450.01%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.