Principal Financial Group Inc. Has $3.02 Million Stock Holdings in Ternium S.A. (NYSE:TX)

Principal Financial Group Inc. increased its position in Ternium S.A. (NYSE:TX) by 37.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,679 shares of the basic materials company’s stock after purchasing an additional 22,450 shares during the quarter. Principal Financial Group Inc.’s holdings in Ternium were worth $3,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TX. Public Employees Retirement System of Ohio bought a new stake in shares of Ternium in the 3rd quarter valued at about $6,743,000. State Street Corp grew its holdings in Ternium by 422.1% during the third quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after purchasing an additional 141,134 shares during the period. Verition Fund Management LLC bought a new stake in Ternium in the third quarter valued at approximately $244,000. Quantbot Technologies LP acquired a new stake in Ternium in the third quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Ternium by 155.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 19,714 shares of the basic materials company’s stock worth $728,000 after purchasing an additional 11,983 shares in the last quarter. 11.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ternium Stock Down 0.4 %

NYSE TX opened at $29.16 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. Ternium S.A. has a fifty-two week low of $28.40 and a fifty-two week high of $44.44. The stock has a market capitalization of $5.72 billion, a PE ratio of 72.90, a PEG ratio of 0.47 and a beta of 1.74. The business has a fifty day moving average price of $32.25 and a two-hundred day moving average price of $34.25.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. During the same quarter last year, the business posted $1.38 earnings per share. The company’s quarterly revenue was down 13.6% on a year-over-year basis. Equities analysts expect 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 paid a $0.09 dividend. This represents a dividend yield of 8.5%. The ex-dividend date was Monday, November 18th. Ternium’s dividend 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.