Public Employees Retirement System of Ohio Makes New $6.74 Million Investment in Ternium S.A. (NYSE:TX)

Public Employees Retirement System of Ohio acquired a new stake in Ternium S.A. (NYSE:TX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 182,690 shares of the basic materials company’s stock, valued at approximately $6,743,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Ternium by 72.1% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 385 shares during the period. Blue Trust Inc. lifted its holdings in shares of Ternium by 3,152.3% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after buying an additional 1,387 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Ternium by 5.0% in the second quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company’s stock valued at $1,432,000 after acquiring an additional 1,816 shares during the period. Principal Financial Group Inc. grew its stake in shares of Ternium by 4.3% in the second quarter. Principal Financial Group Inc. now owns 59,229 shares of the basic materials company’s stock valued at $2,224,000 after acquiring an additional 2,437 shares in the last quarter. Finally, Oldfield Partners LLP increased its position in Ternium by 1.9% during the third quarter. Oldfield Partners LLP now owns 261,836 shares of the basic materials company’s stock worth $9,664,000 after acquiring an additional 4,800 shares during the period. Institutional investors and hedge funds own 11.98% of the company’s stock.

Analyst Ratings Changes

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

Ternium Price Performance

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

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, topping 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 company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter last year, the business earned $1.38 earnings per share. Ternium’s revenue was down 13.6% on a year-over-year basis. As a group, equities analysts predict that Ternium S.A. will post 3.7 earnings per share for the current fiscal year.

Ternium Cuts Dividend

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

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.