Fmr LLC Sells 1,735 Shares of Ternium S.A. (NYSE:TX)

Fmr LLC cut its holdings in shares of Ternium S.A. (NYSE:TX) by 71.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 710 shares of the basic materials company’s stock after selling 1,735 shares during the period. Fmr LLC’s holdings in Ternium were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 385 shares in the last quarter. Blue Trust Inc. lifted its position 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 valued at $170,000 after purchasing an additional 3,104 shares in the last quarter. Quantbot Technologies LP purchased a new position in Ternium during the third quarter worth about $242,000. Caprock Group LLC bought a new stake in Ternium in the 2nd quarter worth about $295,000. Finally, MQS Management LLC purchased a new stake in Ternium in the 2nd quarter valued at about $444,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

Analysts Set New Price Targets

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

Ternium Trading Up 0.6 %

Ternium stock opened at $29.04 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. Ternium S.A. has a fifty-two week low of $28.58 and a fifty-two week high of $44.44. The stock has a market cap of $5.70 billion, a P/E ratio of 72.60, a PEG ratio of 0.47 and a beta of 1.74. The firm’s fifty day moving average price is $32.95 and its 200-day moving average price is $34.62.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.38 earnings per share. Equities research analysts forecast that Ternium S.A. will post 3.7 earnings per share for the current fiscal year.

Ternium Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were issued a $0.09 dividend. This represents a dividend yield of 8.5%. The ex-dividend date of this dividend was Monday, November 18th. Ternium’s payout ratio is currently 450.00%.

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.