Oaktree Fund Advisors LLC Cuts Position in Ternium S.A. (NYSE:TX)

Oaktree Fund Advisors LLC reduced its position in shares of Ternium S.A. (NYSE:TX) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,229 shares of the basic materials company’s stock after selling 7,000 shares during the period. Ternium comprises about 2.5% of Oaktree Fund Advisors LLC’s holdings, making the stock its 16th largest holding. Oaktree Fund Advisors LLC’s holdings in Ternium were worth $1,519,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Ternium during the 3rd quarter worth approximately $6,743,000. State Street Corp grew its stake in shares of Ternium by 422.1% in the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock worth $6,443,000 after acquiring an additional 141,134 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Ternium by 2.9% during the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company’s stock worth $70,313,000 after acquiring an additional 68,366 shares during the period. Principal Financial Group Inc. raised its stake in shares of Ternium by 37.9% in the third quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock valued at $3,015,000 after acquiring an additional 22,450 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Ternium by 6.7% in the fourth quarter. Van ECK Associates Corp now owns 114,599 shares of the basic materials company’s stock valued at $3,333,000 after purchasing an additional 7,156 shares during the period. 11.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TX. UBS Group began coverage on Ternium in a report on Wednesday, March 12th. They set a “neutral” rating and a $32.00 price target on the stock. The Goldman Sachs Group reduced their target price on shares of Ternium from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Ternium Stock Down 2.2 %

Shares of NYSE TX opened at $31.07 on Friday. The business has a 50-day moving average of $30.47 and a two-hundred day moving average of $32.15. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of -110.96, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76. Ternium S.A. has a 1 year low of $28.00 and a 1 year high of $44.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67.

Ternium (NYSE:TX) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.18 billion. On average, analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be paid a dividend of $1.80 per share. This is a positive change from Ternium’s previous semi-annual dividend of $0.09. This represents a yield of 10.3%. The ex-dividend date is Friday, May 9th. Ternium’s dividend payout ratio (DPR) is currently -1,285.71%.

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.