Campbell & CO Investment Adviser LLC Cuts Holdings in Ternium S.A. $TX

Campbell & CO Investment Adviser LLC reduced its holdings in Ternium S.A. (NYSE:TX) by 50.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,515 shares of the basic materials company’s stock after selling 9,611 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Ternium were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group raised its position in Ternium by 201,700.0% in the first quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 2,017 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Ternium by 1,361.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 6,998 shares of the basic materials company’s stock worth $211,000 after purchasing an additional 6,519 shares during the period. Arrow Investment Advisors LLC acquired a new position in shares of Ternium during the 2nd quarter worth $221,000. Aberdeen Group plc purchased a new position in shares of Ternium in the 2nd quarter valued at about $258,000. Finally, Cetera Investment Advisers increased its holdings in shares of Ternium by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 890 shares in the last quarter. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Ternium Stock Down 0.5%

TX opened at $36.15 on Tuesday. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 12.17 and a beta of 1.55. Ternium S.A. has a 12 month low of $24.00 and a 12 month high of $38.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 1.59. The business has a 50-day moving average of $35.63 and a two-hundred day moving average of $32.45.

Ternium (NYSE:TX) last released its earnings results on Tuesday, October 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.68). Ternium had a return on equity of 1.88% and a net margin of 3.72%.The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the business posted $0.16 earnings per share. Ternium’s revenue was down 11.7% on a year-over-year basis. On average, research analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Ternium Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were paid a $0.90 dividend. This represents a dividend yield of 503.0%. The ex-dividend date of this dividend was Monday, November 10th. Ternium’s payout ratio is currently 60.61%.

Analyst Upgrades and Downgrades

TX has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Ternium in a research report on Wednesday, October 8th. Zacks Research lowered Ternium from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. HSBC set a $41.00 price objective on Ternium and gave the company a “buy” rating in a research note on Friday, October 17th. Wall Street Zen cut Ternium from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Scotiabank lowered their target price on Ternium from $41.00 to $40.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.69.

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.