Ternium S.A. (NYSE:TX) Shares Sold by Oaktree Capital Management LP

Oaktree Capital Management LP reduced its stake in shares of Ternium S.A. (NYSE:TX) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 828,309 shares of the basic materials company’s stock after selling 16,600 shares during the period. Oaktree Capital Management LP’s holdings in Ternium were worth $24,087,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TX. Ninety One UK Ltd boosted its stake in 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 buying an additional 68,366 shares during the last quarter. Ninety One North America Inc. boosted its position in shares of Ternium by 0.7% during the 4th quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company’s stock valued at $25,104,000 after acquiring an additional 6,342 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Ternium by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company’s stock valued at $11,437,000 after purchasing an additional 5,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Ternium during the third quarter worth about $6,743,000. Finally, State Street Corp raised its stake in Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock worth $6,443,000 after purchasing an additional 141,134 shares during the period. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TX has been the subject of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. UBS Group assumed coverage on Ternium in a research report on Wednesday, March 12th. They issued a “neutral” rating and a $32.00 price objective for the company.

Ternium Trading Down 2.2 %

Shares of TX stock opened at $31.07 on Friday. Ternium S.A. has a 1-year low of $28.00 and a 1-year high of $44.44. The firm has a market cap of $6.10 billion, a PE ratio of -110.96, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76. The company has a 50-day moving average of $30.47 and a two-hundred day moving average of $32.15. 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 posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. On average, analysts predict that Ternium S.A. will post 4.37 EPS for the current year.

Ternium Increases Dividend

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

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.