Caxton Associates LLP Buys Shares of 17,335 Ternium S.A. $TX

Key Points

• Caxton Associates LLP has acquired a new stake of 17,335 shares in Ternium S.A., valued at approximately $540,000, during the first quarter.
• Research analysts have mixed ratings on Ternium, with two upgrades to a "buy" rating and a "strong sell" rating from Wells Fargo, leading to an average target price of $32.67.
• Ternium's recent quarterly earnings report showed $1.28 EPS, significantly exceeding expectations, but its revenue fell 12.6% year-over-year.

Caxton Associates LLP bought a new stake in Ternium S.A. (NYSE:TX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,335 shares of the basic materials company's stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Ternium by 51.8% in 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 last quarter. Boston Partners grew its stake in shares of Ternium by 4.1% in the 1st quarter. Boston Partners now owns 20,994 shares of the basic materials company's stock valued at $654,000 after purchasing an additional 827 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Ternium by 10.1% in the 1st 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 during the last quarter. Brooklyn Investment Group grew its stake in shares of Ternium by 201,700.0% in the 1st 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 during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Ternium by 4.4% in the 4th quarter. Bank of America Corp DE now owns 80,912 shares of the basic materials company's stock valued at $2,353,000 after purchasing an additional 3,398 shares during the last quarter. 11.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Ternium from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Wells Fargo & Company upgraded Ternium to a "strong sell" rating in a research note on Thursday, August 14th. Scotiabank decreased their price target on Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, September 3rd. Finally, Morgan Stanley downgraded Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target on the stock. in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $32.67.

Ternium Stock Up 2.7%

Ternium stock opened at $35.03 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 1.59. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $37.98. The company has a market cap of $7.02 billion, a PE ratio of 11.56 and a beta of 1.47. The stock's 50 day moving average price is $32.35 and its 200 day moving average price is $30.37.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.62. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.19 billion. Ternium had a return on equity of 1.95% and a net margin of 3.66%.Ternium's revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. On average, sell-side analysts predict that Ternium S.A. will post 4.37 EPS for the current fiscal year.

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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