Public Employees Retirement System of Ohio Cuts Stock Holdings in Ternium S.A. (NYSE:TX)

Public Employees Retirement System of Ohio decreased its holdings in Ternium S.A. (NYSE:TX - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,812 shares of the basic materials company's stock after selling 39,878 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.07% of Ternium worth $4,153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Donald Smith & CO. Inc. raised its position in shares of Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock valued at $87,903,000 after purchasing an additional 483,052 shares during the period. Ninety One UK Ltd raised its position in Ternium by 2.9% during the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock valued at $70,313,000 after purchasing an additional 68,366 shares during the last quarter. Ninety One North America Inc. boosted its position in Ternium by 0.7% during the 4th quarter. Ninety One North America Inc. now owns 863,284 shares of the basic materials company's stock valued at $25,104,000 after acquiring an additional 6,342 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Ternium by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 393,293 shares of the basic materials company's stock worth $11,437,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Woodline Partners LP raised its position in shares of Ternium by 28.0% in the 4th quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock worth $10,634,000 after purchasing an additional 79,935 shares during the last quarter. 11.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TX shares. Bank of America restated an "underperform" rating and set a $25.00 price objective on shares of Ternium in a research report on Monday, April 7th. UBS Group initiated coverage on shares of Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective for the company. Finally, The Goldman Sachs Group lowered their price target on Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd.

Ternium Price Performance

Shares of Ternium stock traded down $0.17 during mid-day trading on Tuesday, reaching $28.66. 127,395 shares of the stock traded hands, compared to its average volume of 216,471. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $43.40. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $28.23 and a 200 day moving average of $29.77. The stock has a market capitalization of $5.74 billion, a PE ratio of -102.34, a PEG ratio of 0.38 and a beta of 1.53.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.22. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. Ternium's quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. On average, analysts predict that Ternium S.A. will post 4.37 EPS for the current year.

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.