3,010 Shares in Ternium S.A. (NYSE:TX) Bought by R Squared Ltd

R Squared Ltd bought a new position in shares of Ternium S.A. (NYSE:TX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,010 shares of the basic materials company’s stock, valued at approximately $88,000.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Ternium by 72.1% during 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Ternium by 216.9% during the third quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 3,104 shares during the period. Quantbot Technologies LP bought a new stake in Ternium in the 3rd quarter valued at $242,000. Verition Fund Management LLC acquired a new position in Ternium in the 3rd quarter worth $244,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Ternium by 155.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,714 shares of the basic materials company’s stock worth $728,000 after purchasing an additional 11,983 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ternium Stock Performance

Shares of TX stock opened at $30.31 on Friday. The firm has a market cap of $5.95 billion, a PE ratio of 75.76, a P/E/G ratio of 0.34 and a beta of 1.76. Ternium S.A. has a 12 month low of $28.37 and a 12 month high of $44.44. The company’s fifty day simple moving average is $30.21 and its 200-day simple moving average is $33.19. 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 posted 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. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 EPS. Equities research analysts expect that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were given 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 450.01%.

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.