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

Principal Financial Group Inc. raised its stake in Ternium S.A. (NYSE:TX) by 37.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 81,679 shares of the basic materials company’s stock after buying 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.

A number of other institutional investors and hedge funds have also bought and sold shares of TX. Caprock Group LLC bought a new stake in shares of Ternium during the 2nd quarter worth $295,000. State of New Jersey Common Pension Fund D boosted its stake in Ternium by 8.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 82,335 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 6,158 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in shares of Ternium during the 2nd quarter valued at approximately $50,566,000. Renaissance Technologies LLC increased its stake in shares of Ternium by 43.0% during the 2nd quarter. Renaissance Technologies LLC now owns 258,600 shares of the basic materials company’s stock worth $9,710,000 after purchasing an additional 77,800 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Ternium in the 2nd quarter worth approximately $444,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Ternium Price Performance

Shares of NYSE:TX opened at $29.16 on Friday. The firm has a market capitalization of $5.72 billion, a PE ratio of 72.90, a P/E/G ratio of 0.47 and a beta of 1.74. 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 50-day moving average price of $32.25 and a two-hundred day moving average price of $34.25. Ternium S.A. has a twelve month low of $28.40 and a twelve month high of $44.44.

Ternium (NYSE:TX) last released 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 the consensus estimate of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. Ternium’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period last year, the firm earned $1.38 EPS. Equities analysts forecast that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.