AMP Capital Investors Ltd boosted its holdings in Ternium SA (NYSE:TX) by 20.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,212 shares of the basic materials company’s stock after purchasing an additional 38,913 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.11% of Ternium worth $6,874,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of TX. BB&T Securities LLC bought a new position in shares of Ternium during the 2nd quarter valued at approximately $214,000. Capital Fund Management S.A. bought a new position in shares of Ternium during the 2nd quarter valued at approximately $306,000. USA Financial Portformulas Corp bought a new position in shares of Ternium during the 3rd quarter valued at approximately $372,000. BlackRock Inc. boosted its position in shares of Ternium by 75.9% during the 3rd quarter. BlackRock Inc. now owns 10,768 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 4,647 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Ternium during the 2nd quarter valued at approximately $408,000. Institutional investors and hedge funds own 18.57% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Ternium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Bank of America reiterated an “underperform” rating and set a $32.00 target price on shares of Ternium in a research report on Thursday, August 16th. Finally, ValuEngine upgraded Ternium from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.67.
NYSE:TX opened at $29.19 on Friday. Ternium SA has a fifty-two week low of $25.52 and a fifty-two week high of $42.43. The firm has a market cap of $6.01 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 2.01.
Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $2.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.89. Ternium had a return on equity of 21.81% and a net margin of 11.58%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. Ternium’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts forecast that Ternium SA will post 6.89 EPS for the current year.
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Ternium Company Profile
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.
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