Public Employees Retirement System of Ohio Acquires New Holdings in Ternium S.A. (NYSE:TX)

Public Employees Retirement System of Ohio bought a new position in shares of Ternium S.A. (NYSE:TX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 182,690 shares of the basic materials company’s stock, valued at approximately $6,743,000. Public Employees Retirement System of Ohio owned 0.09% of Ternium as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TX. International Assets Investment Management LLC bought a new stake in shares of Ternium during the third quarter worth $1,353,000. Renaissance Technologies LLC increased its holdings in Ternium by 43.0% during the 2nd quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock worth $9,710,000 after purchasing an additional 77,800 shares in the last quarter. Sei Investments Co. raised its stake in shares of Ternium by 22.0% in the 2nd quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock valued at $7,646,000 after purchasing an additional 36,722 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Ternium by 12.3% in the second quarter. Deprince Race & Zollo Inc. now owns 160,270 shares of the basic materials company’s stock valued at $6,018,000 after purchasing an additional 17,552 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in shares of Ternium by 88.6% during the third 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 period. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Ternium Stock Down 3.3 %

Shares of TX stock opened at $30.69 on Friday. The firm’s fifty day moving average price is $34.14 and its two-hundred day moving average price is $35.43. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. Ternium S.A. has a 1 year low of $30.58 and a 1 year high of $44.44. The firm has a market capitalization of $6.02 billion, a P/E ratio of 76.73, a PEG ratio of 0.49 and a beta of 1.74.

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

Ternium Cuts Dividend

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

About Ternium

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.