Investors Research Corp Boosts Holdings in Ternium S.A. $TX

Key Points

• Investors Research Corp increased its position in Ternium S.A. by 166.2% during the second quarter, owning 17,300 shares valued at $521,000 following the acquisition of 10,800 additional shares.
• In its latest earnings report, Ternium posted an EPS of $1.28, significantly beating estimates, although its revenue of $3.95 billion fell short of analyst predictions.
• Analyst ratings for Ternium are varied, with two analysts giving it a "Buy" rating, while others have issued "Hold" or "Sell" ratings, reflecting a consensus rating of "Hold" with an average price target of $32.67.

Investors Research Corp raised its position in Ternium S.A. (NYSE:TX - Free Report) by 166.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,300 shares of the basic materials company's stock after purchasing an additional 10,800 shares during the quarter. Investors Research Corp's holdings in Ternium were worth $521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caxton Associates LLP purchased a new stake in shares of Ternium in the 1st quarter valued at approximately $540,000. Millennium Management LLC raised its stake in shares of Ternium by 569.4% in the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company's stock valued at $3,952,000 after acquiring an additional 107,880 shares during the period. Amundi raised its stake in shares of Ternium by 3.4% in the 1st quarter. Amundi now owns 490,076 shares of the basic materials company's stock valued at $14,550,000 after acquiring an additional 16,006 shares during the period. Royal Bank of Canada raised its stake in shares of Ternium by 31.5% in the 1st quarter. Royal Bank of Canada now owns 26,965 shares of the basic materials company's stock valued at $840,000 after acquiring an additional 6,453 shares during the period. Finally, 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 valued at $383,000 after acquiring an additional 4,624 shares during the period. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Price Performance

NYSE:TX traded down $0.32 during mid-day trading on Friday, hitting $34.85. 126,028 shares of the company's stock traded hands, compared to its average volume of 222,938. 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 firm's 50 day simple moving average is $32.64 and its 200 day simple moving average is $30.58. Ternium S.A. has a 1 year low of $24.00 and a 1 year high of $37.98. The company has a market cap of $6.99 billion, a PE ratio of 11.50 and a beta of 1.47.

Ternium (NYSE:TX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The basic materials company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.62. Ternium had a net margin of 3.66% and a return on equity of 1.95%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period last year, the firm posted ($0.11) EPS. The firm's revenue for the quarter was down 12.6% on a year-over-year basis. Sell-side analysts expect that Ternium S.A. will post 4.37 EPS for the current year.

Wall Street Analyst Weigh In

TX has been the topic of several recent research reports. Wall Street Zen raised shares of Ternium from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Morgan Stanley downgraded shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 target price on the stock. in a research note on Monday, July 21st. Wells Fargo & Company raised shares of Ternium to a "strong sell" rating in a research report on Thursday, August 14th. Finally, Scotiabank dropped their price objective on shares of Ternium from $41.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.