Ninety One North America Inc. cut its holdings in Ternium S.A. (NYSE:TX - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 828,875 shares of the basic materials company's stock after selling 34,409 shares during the quarter. Ternium accounts for 1.7% of Ninety One North America Inc.'s investment portfolio, making the stock its 23rd largest holding. Ninety One North America Inc. owned about 0.41% of Ternium worth $25,828,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in TX. NewEdge Advisors LLC lifted its holdings in shares of Ternium by 500.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Ternium in the 4th quarter worth $54,000. Headlands Technologies LLC lifted its holdings in shares of Ternium by 249.5% in the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock worth $49,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 worth $60,000 after purchasing an additional 653 shares in the last quarter. Finally, Aquatic Capital Management LLC increased its position in shares of Ternium by 28.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 482 shares during the last quarter. 11.98% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TX has been the subject of several research analyst reports. Bank of America reaffirmed an "underperform" rating and set a $25.00 target price on shares of Ternium in a research report on Monday, April 7th. UBS Group began coverage on Ternium in a report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, April 3rd.
View Our Latest Analysis on Ternium
Ternium Stock Performance
TX traded down $0.07 during trading hours on Thursday, hitting $32.20. The stock had a trading volume of 232,919 shares, compared to its average volume of 214,052. The company has a quick ratio of 1.76, a current ratio of 3.00 and a debt-to-equity ratio of 0.12. The stock has a market cap of $6.46 billion, a PE ratio of -18.09 and a beta of 1.48. Ternium S.A. has a 1 year low of $24.00 and a 1 year high of $37.98. The company's fifty day simple moving average is $29.39 and its 200 day simple moving average is $29.45.
Ternium (NYSE:TX - Get Free Report) last released its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.22. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $4 billion. Ternium had a positive return on equity of 0.29% and a negative net margin of 2.07%. Ternium's quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. Equities analysts anticipate that Ternium S.A. will post 4.37 earnings per share for the current year.
About Ternium
(
Free Report)
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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