133,581 Shares in Ternium S.A. $TX Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group purchased 133,581 Ternium shares worth approximately $5.7 million, representing about 0.07% of the company. Institutional investors collectively own 11.98% of Ternium.
• Ternium shares opened at $58.15, near their 52-week high of $58.73 and above both the 50-day and 200-day moving averages. The company reported quarterly EPS of $1.80 on $4.34 billion in revenue.
• Analyst sentiment is moderately bullish, with six Buy ratings and five Holds and an average price target of $54.50; recent targets range from $59 to $62.

Wellington Management Group LLP purchased a new stake in Ternium S.A. (NYSE:TX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 133,581 shares of the basic materials company's stock, valued at approximately $5,704,000. Wellington Management Group LLP owned approximately 0.07% of Ternium as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TX. EverSource Wealth Advisors LLC raised its position in shares of Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company's stock valued at $27,000 after buying an additional 232 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Ternium by 101.2% during the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company's stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Ternium in the fourth quarter valued at approximately $36,000. Advisory Services Network LLC acquired a new position in Ternium during the third quarter valued at approximately $38,000. Finally, JPMorgan Chase & Co. raised its position in Ternium by 142.1% during the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 736 shares in the last quarter. Institutional investors own 11.98% of the company's stock.

Ternium Stock Performance

Shares of Ternium stock opened at $58.15 on Thursday. The company's 50 day moving average price is $50.67 and its two-hundred day moving average price is $46.06. The firm has a market capitalization of $11.66 billion, a P/E ratio of 16.34, a P/E/G ratio of 0.18 and a beta of 1.25. Ternium S.A. has a fifty-two week low of $33.01 and a fifty-two week high of $58.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.43.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share (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. On average, equities analysts forecast that Ternium S.A. will post 6.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TX. Zacks Research downgraded Ternium from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. Itau BBA Securities raised Ternium from a "market perform" rating to an "outperform" rating and set a $59.00 price target for the company in a report on Sunday, May 24th. Bradesco Corretora upgraded Ternium to an "outperform" rating and set a $62.00 price objective for the company in a research report on Tuesday, May 19th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ternium in a research note on Monday, August 17th. Finally, UBS Group lifted their target price on Ternium from $56.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.50.

Ternium Profile

Ternium SA NYSE: TX is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.

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