Ternium S.A. $TX Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its stake in shares of Ternium S.A. (NYSE:TX) by 896.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,815 shares of the basic materials company’s stock after purchasing an additional 10,629 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ternium were worth $653,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Donald Smith & CO. Inc. acquired a new position in Ternium in the 2nd quarter valued at approximately $134,131,000. Engineers Gate Manager LP boosted its stake in shares of Ternium by 496.8% during the 2nd quarter. Engineers Gate Manager LP now owns 56,337 shares of the basic materials company’s stock valued at $2,406,000 after buying an additional 46,897 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Ternium during the 2nd quarter valued at $5,704,000. Militia Capital Management LLC purchased a new position in shares of Ternium during the 1st quarter valued at $1,486,000. Finally, Nykredit A S purchased a new position in shares of Ternium during the 2nd quarter valued at $10,564,000. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Price Performance

NYSE TX opened at $55.34 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $11.09 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.16 and a beta of 1.17. The company has a 50 day moving average price of $56.44 and a two-hundred day moving average price of $49.71. Ternium S.A. has a 12-month low of $33.01 and a 12-month high of $60.21.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The company had revenue of $4.34 billion during the quarter. As a group, equities analysts predict that Ternium S.A. will post 6.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TX has been the topic of a number of research reports. HSBC reaffirmed a “hold” rating and issued a $55.00 price target (up from $53.00) on shares of Ternium in a research note on Friday, August 21st. Weiss Ratings upgraded Ternium from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Wells Fargo & Company boosted their target price on Ternium from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 6th. UBS Group upped their target price on Ternium from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen raised Ternium from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.72.

Ternium Profile

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.