Oaktree Capital Management LP Increases Stock Holdings in Ternium S.A. $TX

Oaktree Capital Management LP boosted its stake in shares of Ternium S.A. (NYSE:TX) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 919,709 shares of the basic materials company’s stock after buying an additional 107,100 shares during the quarter. Oaktree Capital Management LP’s holdings in Ternium were worth $27,683,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its stake in Ternium by 4.1% during the first quarter. Boston Partners now owns 20,994 shares of the basic materials company’s stock worth $654,000 after buying an additional 827 shares during the period. Cetera Investment Advisers boosted its stake in shares of Ternium by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 890 shares during the period. Brooklyn Investment Group boosted its stake in shares of Ternium by 201,700.0% during the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 2,017 shares during the period. Vident Advisory LLC grew its holdings in Ternium by 60.4% during the 1st quarter. Vident Advisory LLC now owns 12,276 shares of the basic materials company’s stock valued at $383,000 after purchasing an additional 4,624 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Ternium by 31.5% in the 1st quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company’s stock worth $840,000 after purchasing an additional 6,453 shares during the period. 11.98% of the stock is currently owned by institutional investors.

Ternium Trading Up 0.5%

Shares of NYSE TX opened at $38.62 on Friday. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $38.81. The firm has a market cap of $7.74 billion, a PE ratio of 13.00 and a beta of 1.36. The business has a fifty day simple moving average of $36.13 and a two-hundred day simple moving average of $33.10. The company has a quick ratio of 1.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.10.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.02 billion. Ternium had a return on equity of 1.89% and a net margin of 3.72%.Ternium’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. Analysts expect that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Ternium Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were issued a $0.90 dividend. The ex-dividend date was Monday, November 10th. This represents a dividend yield of 503.0%. Ternium’s payout ratio is currently 60.61%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research raised Ternium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Wells Fargo & Company upgraded Ternium to a “strong sell” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ternium in a research note on Wednesday, October 8th. Finally, Scotiabank decreased their target price on Ternium from $41.00 to $40.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.69.

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.