Nykredit A S Buys New Stake in Ternium S.A. $TX

Key Points

• Nykredit A S acquired 247,403 shares of Ternium during the second quarter, valued at approximately $10.6 million and representing about 0.12% of the company. Other institutional investors also increased their positions, with institutions collectively owning 11.98% of Ternium.
• Analyst sentiment is generally positive: Ternium has a “Moderate Buy” consensus rating and an average price target of $54.50, while recent targets range as high as $59.00.
• Ternium shares opened at $57.22, near their 12-month high of $58.73. The company reported quarterly revenue of $4.34 billion and earnings of $1.80 per share, while analysts expect full-year EPS of $6.54.

Nykredit A S bought a new position in Ternium S.A. (NYSE:TX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 247,403 shares of the basic materials company's stock, valued at approximately $10,564,000. Nykredit A S owned about 0.12% of Ternium at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TX. Lazard Asset Management LLC grew its position in Ternium by 8.0% in the first quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company's stock worth $254,395,000 after acquiring an additional 469,846 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in Ternium by 1.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company's stock worth $145,452,000 after acquiring an additional 66,062 shares in the last quarter. Cape Ann Asset Management Ltd increased its holdings in Ternium by 20.5% during the 4th quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company's stock worth $40,812,000 after purchasing an additional 182,000 shares during the period. Amundi increased its stake in shares of Ternium by 19.9% during the first quarter. Amundi now owns 703,304 shares of the basic materials company's stock valued at $28,238,000 after buying an additional 116,813 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Ternium by 69.4% in the 1st quarter. Empowered Funds LLC now owns 161,171 shares of the basic materials company's stock valued at $6,471,000 after purchasing an additional 66,042 shares in the last quarter. Institutional investors own 11.98% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group upped their price objective on Ternium from $56.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, August 27th. HSBC reiterated a "hold" rating and set a $55.00 price target (up from $53.00) on shares of Ternium in a research note on Friday, August 21st. Zacks Research upgraded shares of Ternium from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 11th. Wells Fargo & Company raised Ternium from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $43.00 to $45.00 in a report on Thursday, July 9th. Finally, Itau BBA Securities raised shares of Ternium from a "market perform" rating to an "outperform" rating and set a $59.00 target price on the stock in a research note on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Ternium presently has a consensus rating of "Moderate Buy" and an average price target of $54.50.

Ternium Stock Down 0.0%

Shares of NYSE:TX opened at $57.22 on Monday. The business has a 50-day moving average price of $52.70 and a 200 day moving average price of $46.74. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.17 and a beta of 1.25. Ternium S.A. has a 12-month low of $33.01 and a 12-month high of $58.73. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The firm had revenue of $4.34 billion during the quarter. Sell-side analysts expect that Ternium S.A. will post 6.54 EPS for the current year.

Ternium Profile

Ternium SA NYSE: TX is a steel producer serving customers across the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, slabs, billets, hot- and cold-rolled steel, galvanized steel, tinplate, rebar and wire rod.

Its products are used in a variety of industries, including automotive manufacturing, construction, appliances, energy, machinery and transportation. Ternium operates an integrated production network with steelmaking, rolling, finishing and distribution facilities, allowing it to supply both commodity and value-added steel products.

Ternium has operations and commercial activities in countries including Mexico, Argentina, Brazil, Colombia, the United States and several other Latin American markets.

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