Ninety One North America Inc. Reduces Position in Ternium S.A. (NYSE:TX)

Ninety One North America Inc. trimmed its position in Ternium S.A. (NYSE:TX - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 828,875 shares of the basic materials company's stock after selling 34,409 shares during the period. Ternium makes up approximately 1.7% of Ninety One North America Inc.'s holdings, making the stock its 23rd biggest holding. Ninety One North America Inc. owned 0.41% of Ternium worth $25,828,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TX. Aquatic Capital Management LLC boosted its holdings in Ternium by 28.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock worth $63,000 after buying an additional 482 shares in the last quarter. GAMMA Investing LLC grew its holdings in Ternium by 51.8% in the first 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. NewEdge Advisors LLC increased its position in shares of Ternium by 500.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock valued at $49,000 after buying an additional 1,200 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Ternium by 14.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company's stock valued at $298,000 after acquiring an additional 1,289 shares during the period. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Stock Up 2.2%

Shares of NYSE:TX traded up $0.69 during trading on Tuesday, hitting $32.29. The company's stock had a trading volume of 263,420 shares, compared to its average volume of 214,157. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $37.98. The company has a market capitalization of $6.47 billion, a PE ratio of -18.14 and a beta of 1.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.76 and a current ratio of 3.00. The business has a 50 day moving average price of $29.27 and a two-hundred day moving average price of $29.41.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.22. Ternium had a negative net margin of 2.07% and a positive return on equity of 0.29%. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The firm's quarterly revenue was down 17.7% on a year-over-year basis. As a group, research analysts expect that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. UBS Group assumed coverage on shares of Ternium in a research note on Wednesday, March 12th. They set a "neutral" rating and a $32.00 target price on the stock. Finally, Bank of America reaffirmed an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research report on Monday, April 7th.

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.