Silvercrest Asset Management Group LLC Purchases New Shares in Ternium S.A. (NYSE:TX)

Silvercrest Asset Management Group LLC purchased a new stake in Ternium S.A. (NYSE:TX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 29,448 shares of the basic materials company's stock, valued at approximately $856,000.

Several other large investors have also recently made changes to their positions in the stock. Donald Smith & CO. Inc. boosted its stake in Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock valued at $87,903,000 after acquiring an additional 483,052 shares in the last quarter. PointState Capital LP acquired a new stake in shares of Ternium in the 4th quarter worth $4,112,000. Ninety One UK Ltd boosted its position in shares of Ternium by 2.9% in the 4th quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock worth $70,313,000 after purchasing an additional 68,366 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ternium by 10.4% during the 4th quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock worth $8,852,000 after buying an additional 28,700 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Ternium by 15.5% during the 4th quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock valued at $6,073,000 after buying an additional 28,054 shares in the last quarter. 11.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TX. UBS Group began coverage on Ternium in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 price target for the company. The Goldman Sachs Group cut their price objective on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, Bank of America reiterated an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Ternium presently has an average rating of "Hold" and a consensus price target of $37.00.

Ternium Stock Performance

TX traded down $0.06 on Monday, reaching $27.69. 112,094 shares of the stock were exchanged, compared to its average volume of 217,662. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 1.67. The company's 50-day moving average price is $28.78 and its 200 day moving average price is $30.04. The firm has a market capitalization of $5.55 billion, a PE ratio of -98.90, a PEG ratio of 0.38 and a beta of 1.53. Ternium S.A. has a fifty-two week low of $24.00 and a fifty-two week high of $43.57.

Ternium (NYSE:TX - Get Free Report) last released its earnings results on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.22. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The firm 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 company posted $1.84 earnings per share. The company's revenue was down 17.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium Profile

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.