Arrow Investment Advisors LLC Makes New Investment in Ternium S.A. $TX

Key Points

• Arrow Investment Advisors LLC made a new investment of approximately $221,000 in Ternium S.A. by acquiring 7,345 shares during the second quarter.
• Several institutional investors enhanced their stakes in Ternium, with Millennium Management LLC increasing its position by a staggering 569.4%.
• Ternium's recent earnings report showed an EPS of $1.28, significantly exceeding analysts' expectations, despite a 12.6% year-over-year revenue decline.

Arrow Investment Advisors LLC purchased a new position in Ternium S.A. (NYSE:TX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,345 shares of the basic materials company's stock, valued at approximately $221,000.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Ternium by 51.8% during the 1st quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 653 shares during the period. Brooklyn Investment Group boosted its stake in shares of Ternium by 201,700.0% during the first quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 2,017 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Ternium by 10.1% during the first quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company's stock valued at $301,000 after purchasing an additional 890 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Ternium by 60.4% during the first quarter. Vident Advisory LLC now owns 12,276 shares of the basic materials company's stock valued at $383,000 after purchasing an additional 4,624 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of Ternium during the first quarter valued at approximately $441,000. 11.98% of the stock is currently owned by institutional investors.

Ternium Stock Performance

Shares of Ternium stock traded up $0.23 during midday trading on Tuesday, hitting $34.36. The company had a trading volume of 69,182 shares, compared to its average volume of 223,286. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 11.34 and a beta of 1.47. The company has a quick ratio of 1.59, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $32.75 and a 200 day simple moving average of $30.64. Ternium S.A. has a 12-month low of $24.00 and a 12-month high of $37.98.

Ternium (NYSE:TX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $1.28 EPS 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 firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period last year, the firm posted ($0.11) EPS. Ternium's revenue was down 12.6% on a year-over-year basis. As a group, analysts predict that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TX shares. Wall Street Zen upgraded shares of Ternium from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Morgan Stanley cut shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target on the stock. in a report on Monday, July 21st. Wells Fargo & Company upgraded shares of Ternium to a "strong sell" rating in a report on Thursday, August 14th. Finally, Scotiabank lowered their price target 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Ternium has a consensus rating of "Hold" and an average target price of $32.67.

Ternium Company 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.