State Street Corp Grows Stock Position in Ternium S.A. (NYSE:TX)

State Street Corp raised its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 422.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,572 shares of the basic materials company's stock after purchasing an additional 141,134 shares during the quarter. State Street Corp owned 0.09% of Ternium worth $6,443,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its stake 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 acquiring an additional 385 shares during the period. Inspire Investing LLC lifted its holdings in Ternium by 5.0% in the 2nd quarter. Inspire Investing LLC now owns 38,136 shares of the basic materials company's stock worth $1,432,000 after purchasing an additional 1,816 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Ternium by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 59,229 shares of the basic materials company's stock worth $2,224,000 after purchasing an additional 2,437 shares during the period. Blue Trust Inc. grew its holdings in Ternium by 216.9% during the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company's stock valued at $170,000 after buying an additional 3,104 shares in the last quarter. Finally, Oldfield Partners LLP raised its position in shares of Ternium by 1.9% during the third quarter. Oldfield Partners LLP now owns 261,836 shares of the basic materials company's stock valued at $9,664,000 after buying an additional 4,800 shares during the last quarter. 11.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ternium from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

Ternium Price Performance

Shares of NYSE:TX traded down $0.06 during mid-day trading on Friday, reaching $28.98. The stock had a trading volume of 203,463 shares, compared to its average volume of 205,450. The business's 50 day moving average price is $32.83 and its 200 day moving average price is $34.53. Ternium S.A. has a 1 year low of $28.58 and a 1 year high of $44.44. The company has a market cap of $5.69 billion, a P/E ratio of 72.45, a price-to-earnings-growth ratio of 0.47 and a beta of 1.74. The company has a current ratio of 2.92, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11.

Ternium (NYSE:TX - Get Free Report) last issued 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 return on equity of 4.70% and a net margin of 0.42%. The business had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.45 billion. During the same period in the prior year, the firm earned $1.38 EPS. The company's revenue for the quarter was down 13.6% on a year-over-year basis. Research analysts expect that Ternium S.A. will post 3.7 EPS for the current fiscal year.

Ternium Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, November 18th. This represents a yield of 8.5%. Ternium's dividend payout ratio (DPR) is currently 450.00%.

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.