R Squared Ltd Invests $88,000 in Ternium S.A. (NYSE:TX)

R Squared Ltd bought a new stake in Ternium S.A. (NYSE:TX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,010 shares of the basic materials company’s stock, valued at approximately $88,000.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Ternium by 37.9% in the 3rd quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock valued at $3,015,000 after buying an additional 22,450 shares in the last quarter. International Assets Investment Management LLC bought a new position in Ternium during the third quarter worth about $1,353,000. State Street Corp boosted its holdings in Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after purchasing an additional 141,134 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Ternium by 88.6% in the 3rd quarter. Donald Smith & CO. Inc. now owns 2,539,751 shares of the basic materials company’s stock valued at $93,742,000 after purchasing an additional 1,193,110 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Ternium by 216.9% during the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock worth $170,000 after buying an additional 3,104 shares during the period. Institutional investors own 11.98% of the company’s stock.

Analyst Ratings Changes

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

Ternium Trading Up 1.0 %

TX stock opened at $30.31 on Friday. The business has a fifty day moving average price of $30.21 and a 200 day moving average price of $33.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 75.76, a P/E/G ratio of 0.34 and a beta of 1.76. Ternium S.A. has a fifty-two week low of $28.37 and a fifty-two week high of $44.44.

Ternium (NYSE:TX) last issued its quarterly earnings data 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 net margin of 0.42% and a return on equity of 4.70%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s revenue was down 13.6% on a year-over-year basis. Analysts expect that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

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