Victory Capital Management Inc. Raises Holdings in Ternium S.A. (NYSE:TX)

Victory Capital Management Inc. grew its holdings in Ternium S.A. (NYSE:TX - Free Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 687,432 shares of the basic materials company's stock after purchasing an additional 18,967 shares during the quarter. Victory Capital Management Inc. owned about 0.35% of Ternium worth $25,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Ternium during the first quarter worth approximately $107,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Ternium by 2.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,751 shares of the basic materials company's stock worth $1,699,000 after acquiring an additional 1,067 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of Ternium by 17.5% in the 1st quarter. Quadrature Capital Ltd now owns 21,934 shares of the basic materials company's stock worth $914,000 after acquiring an additional 3,271 shares during the last quarter. Lazard Asset Management LLC lifted its position in Ternium by 1.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,196,107 shares of the basic materials company's stock valued at $133,021,000 after acquiring an additional 56,379 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in Ternium in the 1st quarter valued at about $5,426,000. Institutional investors own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ternium from a "buy" rating to a "hold" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $52.33.

Ternium Stock Up 2.9 %

TX stock traded up $0.98 during trading on Monday, reaching $34.27. The stock had a trading volume of 111,352 shares, compared to its average volume of 206,745. 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 company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 85.55, a P/E/G ratio of 0.24 and a beta of 1.77. Ternium S.A. has a one year low of $30.68 and a one year high of $44.44. The company's 50 day moving average is $35.08 and its two-hundred day moving average is $36.68.

Ternium (NYSE:TX - Get Free Report) last issued 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 company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. Ternium's revenue was down 13.6% on a year-over-year basis. During the same period last year, the business posted $1.38 earnings per share. Equities research analysts forecast that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Investors 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 yield of 8.5%. Ternium's payout ratio is currently 1,100.03%.

Ternium 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.