Oldfield Partners LLP Lowers Stake in Ternium S.A. (NYSE:TX)
From MarketBeat:
Oldfield Partners LLP reduced its stake in Ternium S.A. by 19.1% during the third quarter, owning 419,936 shares of the company’s stock worth $16,755,000.
Numerous hedge funds, including Lazard Asset Management and Victory Capital, increased their stake in Ternium.
Analysts set new price targets for Ternium, with a consensus rating of “Buy” and a consensus target price of $49.42.
Ternium trading down 2.0% on the NYSE, reaching $40.69 per share.
Ternium reported $1.38 EPS for the most recent quarter, missing estimates by $0.23. The company’s dividend payout ratio is 143.79%.
Ternium SA operates two segments, Steel and Mining, and manufactures and sells steel products across various countries.
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Read more: Oldfield Partners LLP Lowers Stake in Ternium S.A. (NYSE:TX)