Allianz Asset Management GmbH Decreases Stock Holdings in Ternium S.A. (NYSE:TX)

Allianz Asset Management GmbH trimmed its holdings in Ternium S.A. (NYSE:TX - Free Report) by 70.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its stake in shares of Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock valued at $87,903,000 after buying an additional 483,052 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Ternium by 28.0% in the fourth quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock valued at $10,634,000 after purchasing an additional 79,935 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ternium by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock valued at $8,852,000 after purchasing an additional 28,700 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Ternium by 15.5% in the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock valued at $6,073,000 after purchasing an additional 28,054 shares during the last quarter. Finally, PointState Capital LP purchased a new stake in shares of Ternium in the fourth quarter valued at about $4,112,000. 11.98% of the stock is owned by institutional investors.

Ternium Price Performance

Ternium stock traded down $0.54 during mid-day trading on Friday, hitting $32.04. 212,041 shares of the company traded hands, compared to its average volume of 229,600. Ternium S.A. has a one year low of $24.00 and a one year high of $37.98. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 10.57 and a beta of 1.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.76 and a current ratio of 2.68. The stock has a fifty day moving average price of $30.41 and a 200-day moving average price of $29.76.

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, topping analysts' consensus estimates of $0.66 by $0.62. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.19 billion. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The business's quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. On average, equities analysts predict that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on TX. Bank of America reiterated an "underperform" rating and issued a $25.00 target price on shares of Ternium in a report on Monday, April 7th. Morgan Stanley downgraded shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price objective for the company. in a report on Monday, July 21st. The Goldman Sachs Group decreased their price objective on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Scotiabank decreased their price objective on shares of Ternium from $53.00 to $41.00 and set a "sector outperform" rating for the company in a report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $33.40.

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.