Ternium S.A. $TX Shares Sold by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP reduced its holdings in Ternium S.A. by 55.5% in the first quarter, selling 38,716 shares and now owning 31,084 shares valued at approximately $969,000.
• Ternium reported earnings of $1.28 per share for the last quarter, exceeding analyst expectations but experienced a 12.6% decline in year-over-year revenue.
• Institutional investors hold 11.98% of Ternium's stock, with notable changes from various firms such as Bank of America Corp DE increasing their stake by 4.4%.

Militia Capital Partners LP reduced its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,084 shares of the basic materials company's stock after selling 38,716 shares during the quarter. Ternium accounts for approximately 0.8% of Militia Capital Partners LP's investment portfolio, making the stock its 28th biggest holding. Militia Capital Partners LP's holdings in Ternium were worth $969,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in 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 acquiring an additional 653 shares during the period. Brooklyn Investment Group lifted its holdings in 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 grew its position in shares of Ternium by 10.1% in 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 during the period. Vident Advisory LLC increased 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 worth $383,000 after purchasing an additional 4,624 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Ternium during the 1st quarter worth about $441,000. 11.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TX. Scotiabank reduced their target price on Ternium from $41.00 to $40.00 and set a "sector outperform" rating for the company in a report on Wednesday, September 3rd. Wall Street Zen raised shares of Ternium from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Wells Fargo & Company upgraded shares of Ternium to a "strong sell" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley lowered shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target on the stock. in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Ternium presently has an average rating of "Hold" and an average target price of $32.67.

Ternium Trading Up 0.8%

TX traded up $0.27 during trading hours on Wednesday, reaching $35.67. The company's stock had a trading volume of 67,012 shares, compared to its average volume of 223,117. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $37.98. The stock has a market cap of $7.15 billion, a PE ratio of 11.78 and a beta of 1.47. The business's 50-day moving average is $32.52 and its 200-day moving average is $30.50. 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 (NYSE:TX - Get Free Report) last issued 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 company had revenue of $3.95 billion for 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 revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, equities research analysts predict that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

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.