Dynamic Technology Lab Private Ltd Acquires 11,983 Shares of Ternium S.A. (NYSE:TX)

Dynamic Technology Lab Private Ltd increased its holdings in Ternium S.A. (NYSE:TX) by 155.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,714 shares of the basic materials company’s stock after buying an additional 11,983 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Ternium were worth $728,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. purchased a new position in shares of Ternium during the 2nd quarter worth $50,566,000. Renaissance Technologies LLC raised its holdings in Ternium by 43.0% in the 2nd quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock worth $9,710,000 after purchasing an additional 77,800 shares during the period. Sei Investments Co. lifted its position in Ternium by 22.0% during the second quarter. Sei Investments Co. now owns 203,632 shares of the basic materials company’s stock valued at $7,646,000 after purchasing an additional 36,722 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Ternium during the third quarter valued at $1,353,000. Finally, Principal Financial Group Inc. grew its holdings in Ternium by 37.9% during 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 purchasing an additional 22,450 shares during the period. 11.98% of the stock is currently owned by institutional investors.

Ternium Stock Up 1.7 %

Shares of TX stock opened at $33.10 on Friday. 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 one year low of $30.68 and a one year high of $44.44. The company’s fifty day moving average price is $35.17 and its 200-day moving average price is $36.30. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 82.75, a PEG ratio of 0.24 and a beta of 1.77.

Ternium (NYSE:TX) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. The business’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the firm earned $1.38 earnings per share. Sell-side analysts expect that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were paid a $0.09 dividend. The ex-dividend date was Monday, November 18th. This represents a yield of 8.5%. Ternium’s payout ratio is 450.00%.

Wall Street Analyst Weigh In

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

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.