Public Employees Retirement System of Ohio Purchases New Shares in Ternium S.A. (NYSE:TX)

Public Employees Retirement System of Ohio purchased a new stake in Ternium S.A. (NYSE:TX - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 182,690 shares of the basic materials company's stock, valued at approximately $6,743,000. Public Employees Retirement System of Ohio owned 0.09% of Ternium at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Ternium by 72.1% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock worth $34,000 after purchasing an additional 385 shares in the last quarter. Blue Trust Inc. grew its stake in Ternium by 3,152.3% in 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 in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Ternium in the 3rd quarter valued at approximately $242,000. Verition Fund Management LLC bought a new position in shares of Ternium in the third quarter valued at $244,000. Finally, Caprock Group LLC acquired a new position in Ternium during the second quarter worth $295,000. 11.98% of the stock is currently owned by institutional investors.

Ternium Stock Performance

Shares of NYSE TX traded down $1.02 during midday trading on Friday, hitting $30.71. 293,772 shares of the company's stock were exchanged, compared to its average volume of 205,411. The company has a quick ratio of 1.67, a current ratio of 2.92 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.03 billion, a PE ratio of 76.78, a price-to-earnings-growth ratio of 0.49 and a beta of 1.74. Ternium S.A. has a 12 month low of $30.58 and a 12 month high of $44.44. The company's 50 day moving average price is $34.14 and its 200 day moving average price is $35.37.

Ternium (NYSE:TX - Get Free Report) last released 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 firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 earnings per share. As a group, analysts predict that Ternium S.A. will post 3.7 earnings per share for the current fiscal year.

Ternium Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a yield of 8.5%. Ternium's dividend payout ratio (DPR) is currently 450.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of 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.