Ternium S.A. $TX Shares Purchased by Investors Research Corp

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% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,300 shares of the basic materials company's stock after acquiring an additional 10,800 shares during the quarter. Investors Research Corp's holdings in Ternium were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TX. Caxton Associates LLP purchased a new position in shares of Ternium in the first quarter valued at $540,000. Millennium Management LLC lifted its holdings in Ternium by 569.4% in the 1st quarter. Millennium Management LLC now owns 126,827 shares of the basic materials company's stock worth $3,952,000 after buying an additional 107,880 shares in the last quarter. Amundi boosted its position in 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 buying an additional 16,006 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Ternium by 31.5% during the first 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 in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Ternium by 60.4% during the first 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 in the last quarter. Hedge funds and other institutional investors own 11.98% of the company's stock.

Ternium Price Performance

Shares of TX opened at $34.55 on Friday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 11.40 and a beta of 1.47. The stock has a 50 day moving average of $32.40 and a 200-day moving average of $30.42. The company has a current ratio of 2.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.12. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $37.98.

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

Analyst Ratings Changes

TX has been the subject of a number of analyst reports. Wall Street Zen raised Ternium from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. 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. Morgan Stanley downgraded shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price target for the company. in a research report on Monday, July 21st. Finally, Wells Fargo & Company upgraded shares of Ternium to a "strong sell" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.

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