42,897 Shares of Ternium S.A. $TX Bought by Inspire Investing LLC

Key Points

• Inspire Investing acquired 42,897 shares of Ternium during the third quarter, valued at approximately $2.33 million. Institutional investors and hedge funds collectively own 11.98% of the company.
• Analyst sentiment is broadly positive, with six Buy ratings and five Hold ratings. Ternium has a “Moderate Buy” consensus rating and an average price target of $55.72.
• Ternium shares opened at $56.00, near the consensus target, with a market capitalization of approximately $11.23 billion. The company reported quarterly EPS of $1.80 on revenue of $4.34 billion.

Inspire Investing LLC purchased a new position in Ternium S.A. (NYSE:TX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,897 shares of the basic materials company's stock, valued at approximately $2,329,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TX. Lazard Asset Management LLC increased its holdings in Ternium by 8.0% during the 1st quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company's stock valued at $254,395,000 after acquiring an additional 469,846 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of Ternium during the second quarter valued at $134,131,000. Amundi raised its stake in Ternium by 19.9% in the 1st quarter. Amundi now owns 703,304 shares of the basic materials company's stock valued at $28,238,000 after purchasing an additional 116,813 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Ternium by 9.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 472,046 shares of the basic materials company's stock worth $25,632,000 after purchasing an additional 41,561 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of Ternium during the 2nd quarter worth about $14,329,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TX shares. Wall Street Zen raised Ternium from a "buy" rating to a "strong-buy" rating in a research report on Sunday, July 12th. HSBC reissued a "hold" rating and issued a $55.00 target price (up from $53.00) on shares of Ternium in a research report on Friday, August 21st. UBS Group lifted their target price on Ternium from $56.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Wells Fargo & Company lifted their price objective on Ternium from $52.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 6th. Finally, Zacks Research downgraded shares of Ternium from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 13th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $55.72.

Ternium Stock Up 0.1%

Shares of NYSE TX opened at $56.00 on Monday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.15 and a beta of 1.17. Ternium S.A. has a 1 year low of $33.01 and a 1 year high of $60.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.43 and a current ratio of 2.58. The stock's 50-day simple moving average is $56.49 and its 200-day simple moving average is $49.82.

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

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.

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