Ternium S.A. (NYSE:TX) Stock Position Decreased by Ninety One UK Ltd

Ninety One UK Ltd lowered its stake in Ternium S.A. (NYSE:TX - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,288,515 shares of the basic materials company's stock after selling 129,394 shares during the quarter. Ninety One UK Ltd owned approximately 1.14% of Ternium worth $71,310,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TX. Donald Smith & CO. Inc. raised its holdings in Ternium by 19.0% in the 4th 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 during the last quarter. Woodline Partners LP grew its stake in shares of Ternium by 28.0% in the fourth quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock valued at $10,634,000 after buying an additional 79,935 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Ternium by 10.4% in the fourth quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock valued at $8,852,000 after buying an additional 28,700 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Ternium by 15.5% in the fourth quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock valued at $6,073,000 after purchasing an additional 28,054 shares during the last quarter. Finally, PointState Capital LP purchased a new position in Ternium in the fourth quarter valued at about $4,112,000. Hedge funds and other institutional investors own 11.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group reduced their target price on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Bank of America reiterated an "underperform" rating and set a $25.00 price target on shares of Ternium in a research report on Monday, April 7th.

Ternium Price Performance

Shares of TX stock traded up $0.23 during mid-day trading on Friday, hitting $32.47. 225,325 shares of the stock traded hands, compared to its average volume of 215,020. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $37.98. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of -18.24 and a beta of 1.48. The company's 50-day simple moving average is $29.50 and its 200-day simple moving average is $29.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.76 and a current ratio of 3.00.

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, beating the consensus estimate of $0.33 by $0.22. The company had revenue of $3.93 billion for the quarter, compared to analysts' expectations of $4 billion. Ternium had a positive return on equity of 0.29% and a negative net margin of 2.07%. The firm's revenue for the quarter was down 17.7% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. As a group, equities research analysts expect that Ternium S.A. will post 4.37 earnings per share for the current 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.