Ternium S.A. $TX Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 472,046 shares of the basic materials company's stock after purchasing an additional 41,561 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.24% of Ternium worth $25,632,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in Ternium by 8.0% in the first quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company's stock worth $254,395,000 after purchasing an additional 469,846 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in shares of Ternium during the second quarter valued at approximately $134,131,000. Amundi grew its stake in shares of Ternium by 19.9% during the first quarter. Amundi now owns 703,304 shares of the basic materials company's stock valued at $28,238,000 after buying an additional 116,813 shares during the last quarter. Nykredit A S bought a new position in shares of Ternium during the second quarter valued at approximately $14,329,000. Finally, Empowered Funds LLC raised its holdings in shares of Ternium by 69.4% in the first quarter. Empowered Funds LLC now owns 161,171 shares of the basic materials company's stock worth $6,471,000 after buying an additional 66,042 shares during the period. 11.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TX shares. HSBC reissued a "hold" rating and set a $55.00 price target (up from $53.00) on shares of Ternium in a research note on Friday, August 21st. Zacks Research downgraded Ternium from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 13th. Wells Fargo & Company upped their price objective on Ternium from $52.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 6th. Weiss Ratings upgraded Ternium from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 10th. Finally, Wall Street Zen upgraded Ternium from a "buy" rating to a "strong-buy" rating in a research report on Sunday, July 12th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.72.

Ternium Trading Up 1.2%

TX opened at $56.00 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The stock's fifty day moving average is $56.49 and its two-hundred day moving average is $49.75. The company has a market capitalization of $11.23 billion, a P/E ratio of 15.73, a PEG ratio of 0.15 and a beta of 1.17. Ternium S.A. has a 52 week low of $33.01 and a 52 week high of $60.21.

Ternium (NYSE:TX - Get Free Report) last issued its earnings results on Tuesday, June 30th. The basic materials company reported $1.80 earnings per share for the quarter. Ternium had a return on equity of 4.26% and a net margin of 4.37%. The business had revenue of $4.34 billion during the quarter. Analysts forecast that Ternium S.A. will post 6.52 earnings per share for the current year.

About Ternium

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.

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