Nykredit A S Purchases Shares of 335,576 Ternium S.A. $TX

Key Points

• Nykredit A S purchased 335,576 shares of Ternium, valued at approximately $14.3 million, giving it a 0.17% stake. Institutional investors and hedge funds collectively own 11.98% of the company.
• Ternium shares opened at $58.02, near their 52-week high of $58.50, while the company reported quarterly revenue of $4.34 billion and earnings of $1.80 per share.
• Analysts maintain a generally positive outlook, with six Buy and five Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $54.50.

Nykredit A S purchased a new stake in shares of Ternium S.A. (NYSE:TX - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 335,576 shares of the basic materials company's stock, valued at approximately $14,329,000. Nykredit A S owned approximately 0.17% of Ternium as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Ternium by 49.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company's stock valued at $27,000 after buying an additional 232 shares during the period. Parallel Advisors LLC grew its holdings in Ternium by 101.2% during the first quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company's stock worth $32,000 after acquiring an additional 405 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Ternium during the fourth quarter worth about $36,000. Advisory Services Network LLC bought a new stake in Ternium in the third quarter worth about $38,000. Finally, JPMorgan Chase & Co. raised its position in Ternium by 142.1% in the third quarter. JPMorgan Chase & Co. now owns 1,254 shares of the basic materials company's stock worth $44,000 after acquiring an additional 736 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Trading Up 0.1%

Shares of TX opened at $58.02 on Friday. The business's 50-day moving average price is $49.74 and its 200 day moving average price is $45.73. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $11.63 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.18 and a beta of 1.25. Ternium S.A. has a 1-year low of $33.01 and a 1-year high of $58.50.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The basic materials company reported $1.80 EPS for the quarter. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The company had revenue of $4.34 billion during the quarter. Analysts expect that Ternium S.A. will post 6.07 earnings per share for the current year.

Wall Street Analyst Weigh In

TX has been the subject of several research reports. The Goldman Sachs Group restated a "buy" rating and set a $57.00 price objective on shares of Ternium in a research report on Friday, May 22nd. Wells Fargo & Company upgraded shares of Ternium from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $43.00 to $45.00 in a report on Thursday, July 9th. Weiss Ratings reissued a "buy (b-)" rating on shares of Ternium in a research note on Monday, August 17th. HSBC restated a "hold" rating and set a $55.00 target price (up from $53.00) on shares of Ternium in a report on Friday, August 21st. Finally, Bradesco Corretora upgraded shares of Ternium to an "outperform" rating and set a $62.00 price target on the stock in a research report on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.50.

About Ternium

Ternium SA NYSE: TX is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.

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