Ternium S.A. (NYSE:TX) Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Ternium S.A. (NYSE:TX) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 687,432 shares of the basic materials company’s stock after buying an additional 18,967 shares during the period. Victory Capital Management Inc.’s holdings in Ternium were worth $25,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its position 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 acquiring an additional 385 shares during the period. Blue Trust Inc. increased 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 valued at $60,000 after purchasing an additional 1,387 shares during the period. SG Americas Securities LLC bought a new stake in shares of Ternium during the first quarter valued at about $107,000. Virtus Investment Advisers Inc. acquired a new stake in Ternium in the first quarter worth about $202,000. Finally, Caprock Group LLC bought a new position in Ternium in the 2nd quarter valued at about $295,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Trading Up 2.3 %

Shares of TX stock opened at $34.19 on Monday. The stock has a 50-day simple moving average of $35.08 and a 200 day simple moving average of $36.68. The stock has a market capitalization of $6.71 billion, a P/E ratio of 85.48, a P/E/G ratio of 0.24 and a beta of 1.77. Ternium S.A. has a fifty-two week low of $30.68 and a fifty-two week high of $44.44. The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11.

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

Ternium Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a dividend yield of 8.5%. Ternium’s dividend payout ratio (DPR) is presently 1,100.03%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ternium from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

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.