Ternium S.A. (NYSE:TX) Shares Sold by Oaktree Capital Management LP

Oaktree Capital Management LP decreased its stake in shares of Ternium S.A. (NYSE:TX - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 828,309 shares of the basic materials company's stock after selling 16,600 shares during the period. Oaktree Capital Management LP owned 0.42% of Ternium worth $24,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ninety One UK Ltd grew its stake in shares of Ternium by 2.9% during the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock valued at $70,313,000 after buying an additional 68,366 shares during the period. Ninety One North America Inc. boosted its holdings in Ternium by 0.7% in the fourth quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock valued at $25,104,000 after acquiring an additional 6,342 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Ternium by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock valued at $11,437,000 after acquiring an additional 5,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Ternium during the third quarter worth about $6,743,000. Finally, State Street Corp grew its holdings in shares of Ternium by 422.1% during the 3rd quarter. State Street Corp now owns 174,572 shares of the basic materials company's stock worth $6,443,000 after purchasing an additional 141,134 shares during the period. Institutional investors and hedge funds own 11.98% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TX shares. The Goldman Sachs Group reduced their target price on shares of Ternium from $45.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. UBS Group began coverage on Ternium in a research report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price target on the stock.

Ternium Stock Down 2.6 %

TX traded down $0.82 on Thursday, reaching $30.46. The company's stock had a trading volume of 229,982 shares, compared to its average volume of 258,642. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. Ternium S.A. has a 1 year low of $28.00 and a 1 year high of $44.44. The business's 50 day moving average is $30.61 and its 200 day moving average is $32.12. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of -108.78, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($1.39). Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.18 billion. As a group, research analysts forecast that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, May 9th will be issued a $1.80 dividend. This is a positive change from Ternium's previous semi-annual dividend of $0.09. This represents a yield of 10.3%. The ex-dividend date of this dividend is Friday, May 9th. Ternium's payout ratio is currently -1,285.71%.

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.