Allianz Asset Management GmbH Has $1.15 Million Stock Holdings in Ternium S.A. (NYSE:TX)

Allianz Asset Management GmbH lessened its holdings in Ternium S.A. (NYSE:TX - Free Report) by 70.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,008 shares of the basic materials company's stock after selling 90,184 shares during the period. Allianz Asset Management GmbH's holdings in Ternium were worth $1,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Donald Smith & CO. Inc. lifted its position in Ternium by 19.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock worth $87,903,000 after acquiring an additional 483,052 shares during the last quarter. Woodline Partners LP lifted its position in Ternium by 28.0% during the 4th quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock worth $10,634,000 after acquiring an additional 79,935 shares during the last quarter. Renaissance Technologies LLC lifted its position in Ternium by 10.4% during the 4th quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock worth $8,852,000 after acquiring an additional 28,700 shares during the last quarter. Wellington Management Group LLP lifted its position in Ternium by 15.5% during the 4th quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock worth $6,073,000 after acquiring an additional 28,054 shares during the last quarter. Finally, PointState Capital LP acquired a new position in Ternium during the 4th quarter worth $4,112,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Trading Down 1.9%

NYSE TX traded down $0.61 during trading hours on Monday, hitting $31.34. The company's stock had a trading volume of 34,266 shares, compared to its average volume of 232,606. The stock has a fifty day moving average of $30.41 and a 200 day moving average of $29.77. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $37.98. The firm has a market capitalization of $6.28 billion, a P/E ratio of 10.36 and a beta of 1.53. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.62. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period in the prior year, the business posted ($0.11) earnings per share. Ternium's revenue was down 12.6% compared to the same quarter last year. Equities research analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

TX has been the topic of several research reports. Morgan Stanley downgraded shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price objective on the stock. in a report on Monday, July 21st. Scotiabank dropped their price objective on shares of Ternium from $53.00 to $41.00 and set a "sector outperform" rating on the stock in a report on Thursday, July 17th. Finally, Bank of America restated an "underperform" rating and set a $25.00 price objective on shares of Ternium in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Ternium presently has an average rating of "Hold" and an average price target of $33.40.

About Ternium

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.