Aberdeen Group plc Buys New Shares in Ternium S.A. $TX

Key Points

• Aberdeen Group plc has acquired 8,570 shares of Ternium S.A., valued at approximately $258,000, during the 2nd quarter, indicating growing interest in the company's stock.
• Ternium reported a one-year revenue decline of 12.6% with EPS of $1.28, surpassing estimates, but missing revenue expectations with $3.95 billion for the quarter.
• Recent analyst ratings show a mixed outlook for Ternium, with target prices ranging from $34.00 to $41.00, and a consensus rating of "Hold" from analysts.

Aberdeen Group plc bought a new position in shares of Ternium S.A. (NYSE:TX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,570 shares of the basic materials company's stock, valued at approximately $258,000.

A number of other hedge funds also recently bought and sold shares of TX. GAMMA Investing LLC increased its stake in shares of Ternium by 51.8% during the first quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock worth $60,000 after buying an additional 653 shares during the period. Principal Financial Group Inc. grew its holdings in Ternium by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 95,486 shares of the basic materials company's stock worth $2,975,000 after acquiring an additional 4,348 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Ternium by 18.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 37,925 shares of the basic materials company's stock valued at $1,182,000 after purchasing an additional 5,845 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Ternium in the 1st quarter valued at $441,000. Finally, Cetera Investment Advisers lifted its position in shares of Ternium by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company's stock worth $301,000 after purchasing an additional 890 shares during the last quarter. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Trading Up 1.0%

NYSE TX opened at $35.65 on Friday. The firm's fifty day moving average is $34.29 and its two-hundred day moving average is $31.12. Ternium S.A. has a one year low of $24.00 and a one year high of $37.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 2.68. The firm has a market cap of $7.15 billion, a PE ratio of 11.77 and a beta of 1.52.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.62. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.19 billion. Ternium had a return on equity of 1.95% and a net margin of 3.66%.The business's revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. Analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. HSBC set a $41.00 target price on Ternium and gave the company a "buy" rating in a report on Friday. Weiss Ratings reissued a "hold (c)" rating on shares of Ternium in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Ternium from $39.00 to $40.50 and gave the company an "overweight" rating in a report on Friday. Scotiabank cut their price objective on shares of Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a report on Wednesday, September 3rd. Finally, Morgan Stanley cut shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 target price for the company. in a report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Ternium presently has a consensus rating of "Hold" and a consensus target price of $34.69.

Ternium Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.

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