Ternium S.A. $TX Stock Holdings Lifted by Amundi

Key Points

• Amundi increased its holdings in Ternium S.A. by 3.4%, owning 490,076 shares valued at approximately $14.55 million after acquiring additional shares in the first quarter.
• During the same period, several other investors, including GAMMA Investing LLC and Brooklyn Investment Group, made significant adjustments to their positions, with Brooklyn increasing its stake by an astonishing 201,700%.
• Ternium reported $1.28 earnings per share in its most recent quarterly results, exceeding analysts' estimates significantly, but its year-over-year revenue fell by 12.6%.

Amundi lifted its position in Ternium S.A. (NYSE:TX - Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 490,076 shares of the basic materials company's stock after buying an additional 16,006 shares during the period. Amundi owned approximately 0.24% of Ternium worth $14,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake 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 buying an additional 653 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Ternium by 201,700.0% in the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company's stock worth $63,000 after buying an additional 2,017 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Ternium by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company's stock worth $301,000 after buying an additional 890 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Ternium by 60.4% in the 1st quarter. Vident Advisory LLC now owns 12,276 shares of the basic materials company's stock worth $383,000 after buying an additional 4,624 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Ternium during the first quarter worth $441,000. Institutional investors own 11.98% of the company's stock.

Ternium Stock Up 0.9%

Shares of TX stock traded up $0.30 on Monday, reaching $34.92. 109,207 shares of the company's stock traded hands, compared to its average volume of 179,887. Ternium S.A. has a 12-month low of $24.00 and a 12-month high of $37.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 2.68. The company has a market capitalization of $7.00 billion, a P/E ratio of 11.52 and a beta of 1.47. The business's 50 day moving average price is $32.46 and its two-hundred day moving average price is $30.47.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.62. Ternium had a return on equity of 1.95% and a net margin of 3.66%.The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Ternium's revenue for the quarter was down 12.6% compared to the same quarter last year. On average, equities analysts forecast that Ternium S.A. will post 4.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TX shares. Wall Street Zen raised Ternium from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Morgan Stanley lowered Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 target price on the stock. in a research report on Monday, July 21st. Scotiabank cut their target price on Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company raised Ternium to a "strong sell" rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Ternium has a consensus rating of "Hold" and a consensus price target of $32.67.

About Ternium

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.